Médi Telecom completes euro1bn (£596m) financing for second GSM mobile telephone licence in Morocco – the largest ever North African telecoms project financing. Médi Telecom advised by Linklaters (Tom Wells, Bertrand Andriani, Gavin McLean, Sukhvir Basran, Asha Sharma) and Professor Mohamed El Mernisi. Arranging banks ABN Amro, Société Générale and Banque Marocaine du Commerce Exterieur were advised by Allen & Overy and Cabinet Naciri. International Finance Corporation advised by Clifford Chance (Washington) and Cabinet Naciri.