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Cairo

Egypt

Telefax: +20 2 22754810

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Bank lends Etisalat Egypt $132m to expand broadband services

The funding is expected to help the operator improve its footprint and offer, said Etisalat Egypt.

Egyptian smart infrastructure management startup Pylon says it helps utilities seek improvements in revenue collection, reduce losses.

The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the past year.

Egypt received a total of $88 million in debt funding from 2018 to 2022, and accounted for more than 27% of total deals in the region.

Vodafone Egypt was consolidated from Dec. 8, contributing over 1.8 billion rand to group service revenue.

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