Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses

Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter told Masrawy. The company took EGP 900 mn from a EGP 4.5 bn credit facility agreed last week with Banque Misr. The other EGP 1.2 bn was withdrawn from a previously agreed syndicated loan.