Telecom Egypt secures EGP5bn for the financing of 4G licence
Telecom Egypt (TE) [ETEL.CA] has secured EGP5bn from a syndicate of five banks to finance a portion of the 4G licence cost, according to unnamed sources. Participating banks include, National Bank of Egypt (NBE), Qatar National Bank (QNB) and the Commercial International Bank (CIB), in addition to two unnamed international banks. (Al Mal) Telecom Egypt: EGP9.99 as of 04 September 2016, Rating: Neutral, FV: EGP10.25 per share, MCap: USD1,920mn, ETEL EY / ETEL.CA
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