Banque Misr agrees to give Vodafone Egypt EGP 4.5 bn in credit facilities

Banque Misr has agreed to give Vodafone Egypt EGP 4.5 bn in credit facilities that will be used to fund the company’s capital and operating expenses, a bank official told Masrawy. The UK’s Vodafone is the majority shareholder in Vodafone Egypt while Telecom Egypt owns 45% of the company.