Publications
Partners
Johannesburg - Telecommunications equipment manufacturer Africa Cellular Towers [JSE:ATR] said on Friday that it has successfully entered into an agreement with the Industrial Development Corporation for a R99m funding facility.
The facility would be staggered over the next six years at market-related rates to assist with capital expenditure and the working capital requirements of the group, it said.
The company withdrew its cautionary announcement, which had been in place since January 28.
The group said in November that its directors would explore various options available to secure the "necessary funding" to ensure that it had adequate resources in place.
The facility would be staggered over the next six years at market-related rates to assist with capital expenditure and the working capital requirements of the group, it said.
The company withdrew its cautionary announcement, which had been in place since January 28.
The group said in November that its directors would explore various options available to secure the "necessary funding" to ensure that it had adequate resources in place.
