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-   -   Saudi's Mobily says can meet all debts after earnings debacle (https://hameed.nwar.uk/vb/showthread.php?t=1239721)

rss 03-04-2015 01:41 PM

Saudi's Mobily says can meet all debts after earnings debacle
 
* ** difficulties with future debt repayments - Mobily * Breached net-debt-to-EBITDA covenant as of Dec. 31 * Market regulator says Mobily shares to resume trading Thurs (Adds payment schedule, shares to resume trading, context) DUBAI, March 4 (Reuters) - Saudi Arabian telecommunications firm Mobily insisted on Wednesday it could meet all its debts despite an**uncing last week that it had suffered a $243 million loss in 2014 and expected to breach covenants on long-term loans. "The company does **t anticipate difficulties with respect to future financing repayments and costs," Mobily, also k**wn as Etihad Etisalat, said in a stock exchange statement.

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