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Telecom Egypt, Etisalat negotiating €500m-plus loans for 4G licences 

Egyptian operators in talks with banks, newswire reports.
Telecom Egypt and rival Etisalat Egypt are reportedly in talks with financial institutions with a view to securing loans to cover the cost of their 4G licences.

Both operators are holding discussions with banks for loans of 5 billion Egyptian pounds (€511 million) each, Reuters reported on Thursday, citing unnamed sources from the banking community.
The newswire did not provide further information.
A month ago Orange's Egyptian unit revealed that it had been asked to pay EGP3.54 billion for a 4G concession.

At the time Reuters quoted the Egyptian regulator, the National Telecom Regulatory Authority,as confirming that it has approached all three of the country's mobile network operators regarding 4G licences.However,the licence terms and conditions, including price, are not the same for all three.

Telecom Egypt is not currently a mobile network operator in Egypt, but has been working towards becoming a unified player. It holds a unified services licence that, once activated, will enable it to offer mobile services in its own right, as opposed to its current MVNO arrangement with Vodafone's local unit.
Reuters said Telecom Egypt has been granted a 4G licence, but did not specify how much it has agreed to pay.

Source: Total Telecom