Etisalat Misr, a subsidiary of Etisalat Telecommunication Group [ETEL.AD], has started expediting the repayment of EGP4bn it owed to a domestic bank consortium after its interest cost rose by 7% in 2017, according to Al Shorouk. Etisalat Misr took a loan amounting to EGP6bn from a consortium, which had Commercial International Bank (CIB) and National Bank of Egypt (NBE) as lead arrangers, and was used to pay for its 4G licence in 2016. The loan was divided into two tranches, the first in the form of a revolving  facility of EGP3.5bn over seven years and the second tranche of EGP2.5bn to be repaid over five years.