Latest news with #OrangeEgypt
Zawya
3 days ago
- Business
- Zawya
EBRD, Banque Misr grant $80mln syndicated loan to Orange Egypt
Arab Finance: The European Bank for Reconstruction and Development (EBRD) and Banque Misr have provided a syndicated loan of nearly $80 million to Orange Egypt, according to a press release. The facility includes €39 million from the EBRD and $40 million (around €35.6 million) from Banque Misr's Dubai branch. Orange Egypt will utilize the loan to support its acquisition of a 5G mobile license from the National Telecommunications Regulatory Authority (NTRA). The rollout of 5G services across Orange Egypt's network will enhance data upload and download speeds, while reducing network latency. When it comes to 5G, the network is more energy efficient compared with previous generations of mobile technologies. It is also anticipated to enable companies to make more innovative offerings, improve customer experience, and stimulate digital growth. Moreover, Orange Egypt's network upgrade is expected to lower its CO2 emissions by 1.740 million tons annually. Jean-Marc Peterschmitt, EBRD's Managing Director for the Corporate Sector, commented: 'This project will strengthen Egypt's digital infrastructure, contributing to improved internet connectivity for local consumers, businesses and the broader economy.' On his part, Mohamed Sayed, Chief Financial Officer at Orange Egypt, said: 'Through technologies such as 5G, we aim to enhance services in education, healthcare and smart cities, bridging the digital divide and driving Egypt's digital economy forward.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
EBRD, Banque Misr provide $80mln syndicated loan to Orange Egypt for 5G expansion
Egypt - The European Bank for Reconstruction and Development (EBRD) and Banque Misr have extended a syndicated loan of approximately $80m to Orange Egypt to support the company's acquisition of a 5G mobile license and rollout of next-generation network infrastructure. The financing package includes €39m from the EBRD and $40m (around €35.6m) from Banque Misr's Dubai branch. The funds will enable Orange Egypt, a leading mobile network operator, to implement 5G services, enhancing network speed, reliability, and capacity. The introduction of 5G across Orange Egypt's network is expected to significantly improve data transmission speeds and reduce latency, delivering a more responsive and seamless experience for users. The upgrade will also benefit businesses by enabling more innovative digital services, strengthening customer engagement, and supporting Egypt's broader digital economy. Notably, 5G technology is more energy-efficient than previous mobile generations. Orange Egypt's planned network modernization is projected to reduce carbon dioxide emissions by more than 1.74m tonnes annually, contributing to the country's environmental sustainability goals. 'This project will strengthen Egypt's digital infrastructure, contributing to improved internet connectivity for local consumers, businesses, and the broader economy,' said Jean-Marc Peterschmitt, EBRD Managing Director for the Corporate Sector. Mohamed Khairat, Head of Corporate Banking at Banque Misr, emphasized the bank's commitment to supporting national economic growth, noting the telecom sector's strategic importance and Orange Egypt's role in advancing sustainable development. Khaled Nabil Khorshed, Head of Wholesale Banking at Banque Misr UAE, added that the involvement of the bank's Dubai branch reflects its strategy to leverage its international network to facilitate cross-border financing and strengthen its regional footprint. Commenting on the loan, Orange Egypt CFO Mohamed Sayed said: 'Through technologies like 5G, we aim to enhance services in sectors such as education, healthcare, and smart cities—bridging the digital divide and accelerating Egypt's digital transformation.' Orange Egypt, a subsidiary of French telecom giant Orange, has operated in the country since 1998. While primarily a mobile network provider, it also offers fixed-line services and IPTV. The company plays a key role in expanding Egypt's digital infrastructure. Egypt is a founding member of the EBRD. Since launching operations in the country in 2012, the Bank has invested over €13.2bn across 202 projects, in addition to supporting more than 750 small and medium-sized enterprises through technical assistance.
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
EBRD, Banque Misr provide $80m syndicated loan to Orange Egypt for 5G expansion
The European Bank for Reconstruction and Development (EBRD) and Banque Misr have extended a syndicated loan of approximately $80m to Orange Egypt to support the company's acquisition of a 5G mobile license and rollout of next-generation network infrastructure. The financing package includes €39m from the EBRD and $40m (around €35.6m) from Banque Misr's Dubai branch. The funds will enable Orange Egypt, a leading mobile network operator, to implement 5G services, enhancing network speed, reliability, and capacity. The introduction of 5G across Orange Egypt's network is expected to significantly improve data transmission speeds and reduce latency, delivering a more responsive and seamless experience for users. The upgrade will also benefit businesses by enabling more innovative digital services, strengthening customer engagement, and supporting Egypt's broader digital economy. Notably, 5G technology is more energy-efficient than previous mobile generations. Orange Egypt's planned network modernization is projected to reduce carbon dioxide emissions by more than 1.74m tonnes annually, contributing to the country's environmental sustainability goals. 'This project will strengthen Egypt's digital infrastructure, contributing to improved internet connectivity for local consumers, businesses, and the broader economy,' said Jean-Marc Peterschmitt, EBRD Managing Director for the Corporate Sector. Mohamed Khairat, Head of Corporate Banking at Banque Misr, emphasized the bank's commitment to supporting national economic growth, noting the telecom sector's strategic importance and Orange Egypt's role in advancing sustainable development. Khaled Nabil Khorshed, Head of Wholesale Banking at Banque Misr UAE, added that the involvement of the bank's Dubai branch reflects its strategy to leverage its international network to facilitate cross-border financing and strengthen its regional footprint. Commenting on the loan, Orange Egypt CFO Mohamed Sayed said: 'Through technologies like 5G, we aim to enhance services in sectors such as education, healthcare, and smart cities—bridging the digital divide and accelerating Egypt's digital transformation.' Orange Egypt, a subsidiary of French telecom giant Orange, has operated in the country since 1998. While primarily a mobile network provider, it also offers fixed-line services and IPTV. The company plays a key role in expanding Egypt's digital infrastructure. Egypt is a founding member of the EBRD. Since launching operations in the country in 2012, the Bank has invested over €13.2bn across 202 projects, in addition to supporting more than 750 small and medium-sized enterprises through technical assistance.
Daily News Egypt
22-05-2025
- Daily News Egypt
OPPO Launches Find N5 Foldable Smartphone in Egypt, Exclusively with Orange
OPPO has officially launched its next-generation foldable smartphone, the Find N5, in Egypt, marking a significant leap in smartphone innovation in the local market. The device will be available exclusively through Orange Egypt starting May 30, in two premium colors: Misty White and Cosmic Black. The launch event, held at the iconic Citadel of Salah El-Din, symbolized the convergence of history and futuristic technology. With this move, Egypt becomes the first market in the region to witness the rollout of OPPO's most advanced foldable yet — a step the company says reinforces its commitment to bringing global innovation to Egyptian consumers. Weighing just 229 grams and measuring 8.93mm when folded, the OPPO Find N5 is now the thinnest book-style foldable on the market. It features an 8.12-inch inner display, the largest in its class, and a 6.62-inch outer screen, both boasting adaptive refresh rates up to 120Hz and brightness of over 2000 nits for high visibility even in direct sunlight. The device runs on ColorOS 15, with built-in AI capabilities and security enhancements. Among its standout features is the O+ Connect app, which enables seamless integration with Mac, iOS, and iPadOS devices, allowing for remote control, file transfers, and multi-device collaboration. Users can also benefit from AI-driven tools such as real-time translation, AI search, call summaries, and photo editing enhancements including unblurring and clarity boost. A major breakthrough lies in its build quality. The Find N5 is the first foldable to be certified with IPX6, IPX8, and IPX9 environmental resistance. Its Titanium Flexion Hinge, crafted from Grade 5 titanium using 3D printing, is 26% slimmer and 36% stronger than its predecessor and backed by TÜV Rheinland's folding certification for durability. In terms of performance, the device comes with 16GB of RAM and 512GB of internal storage, powered by a 5600mAh silicon-carbon battery that offers superior capacity and compactness. It supports 80W SUPERVOOC™ wired and 50W AIRVOOC™ wireless charging, promising fast and reliable power delivery. For photography enthusiasts, OPPO partnered with Hasselblad to integrate a 50MP main camera, 4K Dolby Vision video, and dedicated portrait lenses (1.70mm and 85mm) to capture studio-quality images and cinematic content. Raghda Amer, PR Manager at OPPO Egypt, highlighted the significance of the launch: 'This is more than a product launch — it's a statement of OPPO's dedication to innovation and user-centric design in Egypt.' Ahmed El Abd, Chief Consumer Officer at Orange Egypt, added: 'This partnership allows us to deliver a premium experience through exclusive offers, including 24-month interest-free payments, free OPPO Buds, 2TB of internet, and EGP 5,000 off the next online purchase.' The OPPO Find N5 promises to redefine mobile experiences, offering a powerful combination of cutting-edge technology, elegant design, and advanced functionality — setting a new benchmark for smartphones in Egypt and beyond.
CairoScene
21-05-2025
- Business
- CairoScene
Egypt's Telecom Sector Have Pumped USD 2.7 Billion Into 5G Since 2019
The announcement was made during the 5G Technology Forum in Cairo by the Ministry of Communications and Information Technology. May 21, 2025 Egypt's four licensed mobile operators have collectively invested USD 2.7 billion in 5G spectrum acquisition and network infrastructure since 2019, according to the Ministry of Communications and Information Technology. The announcement, made during the 5G Technology Forum in Cairo, reflects Egypt's ongoing efforts to deploy high-speed mobile connectivity across the country. The rollout includes expanded 5G coverage zones, spectrum licensing, and upgrades to core network infrastructure. The goal is to lay the groundwork for advanced services in healthcare, manufacturing, education, and transportation, while improving mobile internet speeds and enabling future smart city applications. Communications Minister Amr Talaat described the transition to 5G as a qualitative leap for Egypt's connectivity landscape, adding that the network aligns with international spectrum standards and future tech requirements. The 5G deployment is expected to improve data capacity, reduce latency, and enable new digital services at scale. Telecom Egypt, Orange Egypt, Vodafone Egypt, and Etisalat by e& are all involved in the rollout, with each operator expanding their respective infrastructure to accommodate 5G technology. Egypt's first commercial 5G services are anticipated to become more widely available following the completion of ongoing pilot zones and regulatory approvals.
