VOL. XLVII

No 09

01-March-2004

TELECOMS

Middle East Telecom Companies Eyeing Project Finance

Use of project finance to fund telecom expansions and greenfield operations has been limited in the Middle East. However, this year the granting of new licenses has gathered pace as many countries have sought to liberalize their markets and the expansion prospects are prompting telecom companies to examine project finance as an alternative to the traditional methods of financing that have been employed so...