ABN AMRO Bank N.V., Barclays Capital (the Investment Banking Division of Barclays Bank PLC) (“Barclays Capital”), BNP Paribas, DBS Bank Ltd (“DBS”), Qatar National Bank S.A.Q. and The Royal Bank of Scotland PLC (“RBS”) (together the “Underwriters”) have launched general syndication of a USD 2.5 billion Syndicated Term Loan Facility (the “Facility”) for Qatar Telecom Q.S.C. (“Qtel”). Barclays Capital, BNP Paribas, DBS and RBS have been appointed to act as Bookrunners.
 
Ahead of the launch of general syndication, the Underwriters were joined by Al Khalij Commercial Bank, CALYON, Deutsche Bank Luxembourg S.A., ING, Mashreq, Morgan Stanley, National Bank of Abu Dhabi, Riyad Bank, Standard Chartered and Mizuho Corporate Bank Ltd as Mandated Lead Arrangers. JPMorgan Chase Bank, N.A. joined as Co-Arranger and HSBC Bank Middle East Limited joined as Lead Manager.
 
The Facility will refinance Qtel’s existing USD 2.5 billion bridge loan signed in March 2007 to finance the acquisition of Wataniya. Qtel’s USD 2.0 billion revolving credit facility signed in November 2006 will remain in place.