STC asks banks to postpone deadline of Turk Telekom debts payment

Riyadh – Mubasher: Saudi Telecom (STC) requested from banks to extend the deadline of paying Turk Telekom debts, after Oger Telecom missed its third payment in row of its debts.

Turk Telekom is a subsidiary of Oger Telecom.

STC owns a 35% stake in Oger Telecom.

Oger did not pay $290 million in September, and same payments in March 2017 and in September 2016.

Mubasher Contribution Time: 03-Oct-2017 16:07 (GMT)
Mubasher Last Update Time: 03-Oct-2017 16:07 (GMT)