Algeria 
Egypt 
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Libya 
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Tunisia EBRD and Banque Misr supporting rollout of 5G mobile services in Egypt
The European Bank for Reconstruction and Development (EBRD) and Banque Misr are supporting Egypt’s digital transformation by providing a syndicated loan of around US$ 80 million to leading mobile telecommunications provider Orange Egypt.
The loan consists of €39 million from the EBRD and US$ 40 million (circa €35.6 million) from Banque Misr’s Dubai branch to assist Orange Egypt with its acquisition of a 5G mobile licence from the National Telecommunications Regulatory Authority.
The rollout of 5G services across Orange Egypt’s network will improve data upload and download speeds and reduce network latency (delays that can occur when transferring data across the network). It is expected to generate significant benefits for consumers and businesses, including by enabling companies to make more innovative offerings, enhance customer experience and stimulate digital growth.
Countries covered:
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Egypt
