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Etisalat Misr inks $1.2bn financing deal

Cairo, December 22, 2010

Etisalat Misr, the Egyptian arm of UAE telco Etisalat on Wednesday signed a 7.2 billion  Egyptian pounds ($1.24 billion) financing deal, partly to fund local expansion.

The agreement was signed with a consortium of local and regional banks including state-owned National Bank of Egypt, Banque Misr and National Bank of Abu Dhabi, according to a statement on the Qatar News Agency website. - Reuters




Tags: Egypt | Etisalat | Telecom | Misr |

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