Neotel, a South African second largest telecommunications company, announced on 10th December 2008 their involvement in a ground breaking new project finance deal comprising the refinancing of Neotel’s 2 billion ZAR bridging facilities and a long term debt facility of 4.4 billion ZAR.

Operis performed the model audit on the original financial model created for the refinancing deal in 2008 and have now completed a second review on the operating model associated with this facility.

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