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Dubai's Axiom Telecom borrows Dh1.47b to finance imports

Axiom Telecom LLC, a Dubai-based phone retailer, said it borrowed Dh1.47b ($400 million) to finance imports.

  • Bloomberg
  • Published: 13:32 June 19, 2008
  • Gulf News

Dubai: Axiom Telecom LLC, a Dubai-based phone retailer, said it borrowed Dh1.47b ($400 million) to finance imports.

The funding was arranged through Emirates NBD, JPMorgan Chase & Co., and Dubai Islamic Bank , the company said in a statement distributed at a press conference in Dubai.

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