Riyadh-Mubasher: Etihad Atheeb Telecom (GO) has repaid SAR 886.7 million as a portion of its loan to Banque Saudi Fransi (BSF), the company said in a bourse statement on Sunday.

The amount is part of the SAR 1.15 billion proceeds generated from the rights issue which took place from 24-31 March 2012.

GO paid SAR 119.9 million to founding shareholders for a bridge loan, as well as SAR 49.6 million to ZTE as part of its dues for the network tools and network management fees.

The Tadawul-listed company also paid SAR 8.3 million to Power Horizon as part of its dues according to contracts. It also paid SAR 25.7 million to Mobily as part of due bills.

A total of SAR 14.9 million was paid to Motorola to supply the company with some equipment and technical services, GO said, adding that SAR 2.1 million was paid to Icom for publicity services provided.

In addition, SAR 4 million was paid to Green Packet as part of its dues, SAR 2.9 million to STC for network use and SAR 20.2 million to Wipro Co. as part of its dues.