Home Telcos Nigeria’s MainOne Gets $100 Million Loan

Nigeria’s MainOne Gets $100 Million Loan

by Caroline Vutagwa
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MainOne fibre optic company has made plans to use $100 loan from four Nigerian banks in order to expand its business across the country.
The company offers telcom services and networks solutions for businesses in the Western part of Africa.
The banks being Skye Bank Plc, Standard Chartered Bank Limited, First Bank of Nigeria Limited and First City Monument Bank gave the company the millions of shillings jointly yesterday.

Chief executive officer of MainOne, Funke Opeke, hinted that part of the fund would be used to complete a data centre project.

Opeke added that the fund is planned help make interconnectivity easier and internet access faster and more efficient for the company’s clients.

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