21 October 2006
SabaFon the leading GSM operator in Yemen signed lately Murabah financing agreement with HSBC bank for the sum of $ 50 millions that will be used to invest in the technology that will provide significant network expansion for more customers and new increased value added products and services. Also to invest in information technology systems specifically improving the billing system to cope with the GSM new services and technologies. "
-Ends-
Mohammed Al-Nadish
Industrial Relations Manager
General Management
Sabafon-GSM
mohammed.al-nadish@sabafon.com.ye
M: +967 711593 230,
T: +967 71 1111 905,
F: +967 71 1111 901
Blue Building,
Zabairi Street
PO Box 18550
Sana'a
Republic of Yemen
www.sabafon.com
SabaFon the leading GSM operator in Yemen signed lately Murabah financing agreement with HSBC bank for the sum of $ 50 millions that will be used to invest in the technology that will provide significant network expansion for more customers and new increased value added products and services. Also to invest in information technology systems specifically improving the billing system to cope with the GSM new services and technologies. "
-Ends-
Mohammed Al-Nadish
Industrial Relations Manager
General Management
Sabafon-GSM
mohammed.al-nadish@sabafon.com.ye
M: +967 711593 230,
T: +967 71 1111 905,
F: +967 71 1111 901
Blue Building,
Zabairi Street
PO Box 18550
Sana'a
Republic of Yemen
www.sabafon.com
© Press Release 2006
