Neotel, the South African telecommunications company, has made public their involvement in a new project finance deal, considered groundbreaking in light of current market conndition.
The deal involves the refinancing of Neotel’s R2 billion bridging facilities, with long term debt of R4.4 billion. Neotel is the second largest telecommunications operator in the country and the first true competitor to the incumbent operator, Telkom. This project is expected to close very shortly.
Operis conducted the due diligence on the financial model created for the refinancing deal.
