Lebanese firm IPT secures US$110 million to develop telecommunications infrastructure in Africa & Middle East

AFRICA – Lebanese Power and telecommunications firm, IPT has secured a total of US$110 million to finance the development of mobile network infrastructure in Africa and Middle East. A press release from IPT revealed that the financing for its projects in Africa and Middle East was made possible by loans from various European Financial institutions. The release revealed that DEG- Deutsche Investitions- und Entwicklungsgesellschaft mbH, a German development finance is going to finance part of the projects with a US$25 million long term loan. IPT also secured US$20 million and…

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