Orange Egypt secures $80m loan for 5G license and network expansion
Orange Egypt will use the loan to finance its purchase of a 5G mobile license from the National Telecommunications Regulatory Authority (NTRA).
Orange Egypt has obtained a syndicated loan of approximately $80m to support its acquisition of a 5G mobile license and the rollout of next-generation telecommunications infrastructure. The financing package is backed by the European Bank for Reconstruction and Development (EBRD) and Banque Misr, with the EBRD contributing 39m and Banque Misrs Dubai branch providing $40m, or roughly 35.6m.
The funding will enable Orange Egypt, a telecommunications provider, to implement 5G services that promise to significantly boost network speed, reliability, and data transmission capabilities. This technological upgrade is expected to enhance user experience by reducing latency and offering smoother connectivity. For businesses, it will open up opportunities to deliver more innovative digital services, thereby improving customer engagement and supporting Egypts transition to a more digitally driven economy.
Beyond its performance benefits, 5G technology also brings environmental advantages. As part of its network modernisation efforts, Orange Egypt projects a reduction of more than 1.74m tonnes of carbon dioxide emissions annually, aligning with the countrys sustainability objectives.
Jean-Marc Peterschmitt, Managing Director for the Corporate Sector at the EBRD, highlighted the projects potential to enhance Egypts digital infrastructure and contribute to better internet access for both consumers and businesses. Mohamed Khairat, Head of Corporate Banking at Banque Misr, underscored the telecom sectors strategic value and reaffirmed the banks role in driving sustainable national development. Khaled Nabil Khorshed, Head of Wholesale Banking at Banque Misr UAE, noted that the involvement of the banks Dubai branch reflects its aim to harness international networks to facilitate regional financing.
Orange Egypts Chief Financial Officer, Mohamed Sayed, emphasised that 5G technology will help the company expand its services in vital sectors such as education, healthcare, and smart city developmentbridging the digital divide and accelerating Egypts digital transformation.
A subsidiary of Frances Orange Group, Orange Egypt has been operating in the country since 1998. While best known for its mobile services, the company also provides fixed-line and IPTV services, playing a vital role in Egypts expanding digital infrastructure.
Egypt, a founding member of the EBRD, has received more than 13.2bn in investments across 202 projects since the Bank began operations there in 2012. The EBRD has also supported over 750 small and medium-sized enterprises through technical assistance initiatives.
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