Telecom Egypt signs USD 500mn medium-term syndicated loan
18 October 2018
Telecom Egypt has signed a USD 500mn medium-term syndicated loan, which will be used to support its capital and operational expenditure, and refinance an existing short-term facility.
Telecom Egypt signs agreement with Bharti Airtel for global submarine cable systems
02 October 2018
Telecom Egypt announces that it has signed an agreement with Bharti Airtel “Airtel” to formalize its strategic partnership announced on 6 August 2018. The agreement grants Airtel IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable “MENA Cable” and TE North Cable Systems. Additionally, Airtel will take large capacities on a long-term basis on two new cable systems (SMW5 & AAE1).