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Packet One gets loan to expand 4G
19 June 2012
Malaysian 4G operator Packet One negotiates five-year loan to expand network and build market
Malaysian operator Packet One Networks has received a five-year loan of $51 million, which will enable it to expand its 4G network and customer acquisition activities.
The funds, comprising of long-term loan and warrants, were received from a consortium led by investment company Kendall Court Capital Partners and Leafgreen Capital Partners.
Packet One Networks’ parent firm Green Packet said: “The facility offers P1 Labuan the opportunity to raise funds based on a favourable structure via the debt market. P1 Labuan will on-lend funds from the facility to P1.” GTB
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