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