{"id":544923,"date":"2022-03-28T03:45:46","date_gmt":"2022-03-28T03:45:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/"},"modified":"2022-03-28T03:45:46","modified_gmt":"2022-03-28T03:45:46","slug":"eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/","title":{"rendered":"EIB lends EUR 150 mn to Telecom Egypt for 4G upgrades"},"content":{"rendered":"

<\/a> EIB supports 4G expansion with EUR 150 mn loan to TE:<\/strong> Telecom Egypt (TE) has secured a EUR 150 mn medium-term loan from the European Investment Bank (EIB) to expand its 4G broadband network, the state-owned firm announced in a statement<\/a> yesterday. The facility will help TE deploy around 2k new mobile sites and up the capacity of its existing cellular towers. This will help improve the mobile network\u2019s coverage and strengthen the network across Egypt, including in less densely populated areas, TE said.<\/p>\n

The loan is part of the EU\u2019s efforts to help Egypt\u2019s digital transformation, <\/strong>said Tobias Krause, deputy head of the EU\u2019s delegation to Egypt. \u201cThe EU aims to support Egyptian government efforts to secure resilient and affordable access to universal connectivity to the benefits of Egyptian citizens,\u201d he said, adding that this project \u201cshows the commitment of our partners in the EIB, the EU\u2019s lending hand, to support crucial inclusive digital infrastructure planning in Egypt.\u201d<\/p>\n

A milestone for the EIB:<\/strong> This is currently the lender\u2019s largest loan to a mobile network in Africa, according to the statement.<\/p>\n

The state company now has more bandwidth:<\/strong> TE acquired<\/a> another two 10-MHz bands in a government tender in 2020.<\/p>\n

The agreement comes on the back of a strong year for TE: <\/strong>The company saw its net income increase 75% y-o-y<\/a> to EGP 8.4 bn in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

EIB supports 4G expansion with EUR 150 mn loan to TE: Telecom Egypt (TE) has secured a EUR 150 mn medium-term loan from the European Investment Bank (EIB) to expand its 4G broadband network, the state-owned firm announced in a statement yesterday. The facility will help TE deploy around 2k new mobile sites and up […]<\/p>\n","protected":false},"author":1,"featured_media":544924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[1460,214,88,72,7192,760,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-4g","tag-cit","tag-debt-watch","tag-enterpriseam","tag-eu","tag-european-investment-bank","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"7a6b8955-818e-44ec-9043-9d9089f74f4f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/372.jpg","photo_position":"above","related_issue":[544917],"teaser":"","voice_url":""},"yoast_head":"\nEIB lends EUR 150 mn to Telecom Egypt for 4G upgrades - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB lends EUR 150 mn to Telecom Egypt for 4G upgrades\" \/>\n<meta property=\"og:description\" content=\"EIB supports 4G expansion with EUR 150 mn loan to TE: Telecom Egypt (TE) has secured a EUR 150 mn medium-term loan from the European Investment Bank (EIB) to expand its 4G broadband network, the state-owned firm announced in a statement yesterday. The facility will help TE deploy around 2k new mobile sites and up […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-28T03:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/372.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EIB lends EUR 150 mn to Telecom Egypt for 4G upgrades\",\"datePublished\":\"2022-03-28T03:45:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/372.jpg?fit=%2C&ssl=1\",\"keywords\":[\"4G\",\"CIT\",\"debt watch\",\"EnterpriseAM\",\"EU\",\"European Investment Bank\",\"Telecom Egypt\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/eib-lends-eur-150-mn-to-telecom-egypt-for-4g-upgrades\/\",\"name\":\"EIB lends EUR 150 mn to Telecom Egypt for 4G upgrades - 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The new bandwidth will help the state-owned operator provide faster service\u2026","rel":"","context":"In "Telecoms"","block_context":{"text":"Telecoms","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/telecoms\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/7.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596025,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/el-sisi-approves-eur-350-mn-eib-development-loan-for-metro-line-1\/","url_meta":{"origin":544923,"position":1},"title":"El Sisi approves EUR 350 mn EIB development loan for Metro Line 1","author":"enterpriseam admin","date":"18 August 2019","format":false,"excerpt":"President Abdel Fattah El Sisi has approved a EUR 350 mn loan agreement with the European Investment Bank (EIB) to be used for the renovation and development of Cairo Metro Line 1, according to a statement on the Official Gazette picked up by Zawya.","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573234,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/","url_meta":{"origin":544923,"position":2},"title":"NBE to obtain EUR 800 mn of EIB funding next month","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The National Bank of Egypt expects to land in the coming month some EUR 800 mn in funding agreed last week with the European Investment Bank (EIB), Al Mal reports, citing unnamed sources. The funding comes as part of a larger EUR 1.9 bn agreement, with next month\u2019s loan dedicated\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575167,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/eib-approves-eur-750-mn-loan-for-egypts-smes-world-bank-mulls-railway-funding\/","url_meta":{"origin":544923,"position":3},"title":"EIB approves EUR 750 mn loan for Egypt\u2019s SMEs, World Bank mulls railway funding","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"DEBT WATCH- The European Investment Bank (EIB) has approved a EUR 750 mn facility for Banque Misr to on-lend to SMEs impacted by the covid-19 pandemic to finance working capital, according to the bank\u2019s website. The facility has been in the pipeline since mid-August. The EIB signed off in July\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575082,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/eib-mulls-eur-78-mn-loan-for-helwan-wastewater-plant-expansion\/","url_meta":{"origin":544923,"position":4},"title":"EIB mulls EUR 78 mn loan for Helwan wastewater plant expansion","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"The European Investment Bank (EIB) mulling a EUR 78 mn loan to finance the EUR 200 mn expansion of the Helwan wastewater treatment plant, according to the bank\u2019s website. The project aims to improve the disposal and utilization of effluent and sludge at the facility, improving the quality of water\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573106,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/","url_meta":{"origin":544923,"position":5},"title":"Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat","author":"enterpriseam admin","date":"20 July 2020","format":false,"excerpt":"Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat: More than half of the EUR 1.9 bn loan agreed with the European Investment Bank (EIB) last week will go towards upgrading public transport infrastructure, International Cooperation Minister Rania Al Mashat said yesterday. A total of EUR\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544923"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544923\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544924"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544923"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544923"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}