Vodafone Egypt seeks inking loan worth EGP4bn with 7 banks

The banks are now in the final approvals stage and the preparation of contracts to sign loans before the end of the current year so as to cover all the financial needs of Vodafone, Official banking source said.

Amwal Al Ghad published in March the negotiations between Vodafone and the seven banks including Commercial International Bank (CIB), Banque Misr, Bank of Alexandria , HSBC, Barclays, Emirates NBD, Qatar National Bank (QNB) and National Bank of Egypt (NBE) to obtain EGP4 billion loan.