Smile Telecoms Holdings  Enters New Era with Fresh Injection of Funds

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London, United Kingdom — Smile Telecoms Holdings Ltd. (www.Smilecoms.com), a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, has given the nod to inject fresh $51m into its operations.The funding which was approved and agreed with lenders on March 30th 2021formed part of the company’s Restructuring Plan (RP).

The management said the operations will further enhance Smile’s position in its respective markets and energize its operations and support efforts towards achieving better performance.

This debt restructuring plan sees an injection in fresh money funding from Smile’s majority shareholder, the Al Nahla, and rescheduling on debt repayment until post-March 2022.

African Eye Report

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