Oman Qatari Telecommunications (Ooredoo) has signed three new financing agreements with local and international banks for $177 million (OMR 68 million), the company said in a bourse filing.

Ooredoo noted that the new deals are for investing in the company’s network, and for boosting the commercial services for both the company and its customers.

“The Company has spent in excess of OMR 124m solely in network modernisation over the last three years and this has resulted in population coverage growing to approximately 99%,” said the bourse filing.