Smile Telecoms: Lenders grimace as debt restructuring begins

In:

Telecoms and Communications

Region:

Middle East & Africa

Max Thompson

Managing Editor

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Smile Telecoms is looking to restructure its DFI/ECA-backed debt package from 2015. But the pan-Afircan telecoms group, which is no stranger to ECA debt, was struggling to service its payment obligations long before the pandemic hit.