Telecom Egypt (TE) [ETEL.CA] is in talks with banks over a EGP5bn loan to finance the 4G licence, according to sources familiar with the matter. Etisalat Misr is also in talks with banks over the same amount to finance the 4G licence, the sources added. The National Bank of Egypt is managing the loans. In related news, an unnamed Orange Egypt official said that the company will not seek local banks for the licence acquisition and that it is negotiating with its parent, Orange Group to finance the licence cost. (Reuters)   Telecom Egypt: EGP9.16 as of 21 July 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,761 million, ETEL EY / ETEL.CA