Banks Said to Reject Saudi Telecom Bid to Resolve Debt Issue - Bloomberg

Banks Said to Reject Saudi Telecom Bid to Resolve Debt Issue
Bloomberg
Banks rejected a Saudi Telecom Co. plan to resolve a dispute over a missed payment on a $4.75 billion loan at a Turkish unit, prolonging a five-month impasse on the debt, people with knowledge of the matter said. The lenders turned down the plan ...and more »