Telecom Egypt in loan talks to fund 4G licence

July 21, 2016 9:00 AM

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CAIRO, July 21 Telecom Egypt, the country's state-owned landline monopoly is in talks with banks regarding a 5 billion Egyptian pound ($563.07 million) loan to acquire a 4G licence, banking sources told Reuters on Thursday.

The sources said Etisalat Egypt is also in talks with banks for a 5 billion pound loan to acquire the licence.

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