{"id":602296,"date":"2019-03-24T03:32:16","date_gmt":"2019-03-24T03:32:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/"},"modified":"2019-03-24T03:32:16","modified_gmt":"2019-03-24T03:32:16","slug":"vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/","title":{"rendered":"Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses"},"content":{"rendered":"

Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter told Masrawy<\/a><\/u>. 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 The other EGP 1.2 bn was withdrawn from a previously agreed syndicated loan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter told Masrawy.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 The other EGP 1.2 bn was withdrawn from a previously agreed syndicated loan.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9298],"tags":[2372,7106,72,142],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602296","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-debt","tag-enterpriseam","tag-vodafone-egypt","wpautop","entry"],"acf":{"mongo_id":"675f71e4-e8dc-4c63-a378-6797d17b412f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602260],"teaser":"","voice_url":""},"yoast_head":"\nVodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses - 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\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-24T03:32:16+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses\",\"datePublished\":\"2019-03-24T03:32:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"debt\",\"EnterpriseAM\",\"Vodafone Egypt\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/vodafone-takes-out-egp-2-1-bn-from-two-bank-loans-to-fund-capital-expenses\/\",\"name\":\"Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses - 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The UK\u2019s Vodafone is the majority shareholder in Vodafone Egypt while Telecom Egypt owns 45% of the company.","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":645147,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/telecom-egypt-signs-agreement-to-borrow-egp-13-bn-from-banking-consortium\/","url_meta":{"origin":602296,"position":1},"title":"Telecom Egypt signs agreement to borrow EGP 13 bn from banking consortium","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Telecom Egypt (TE) signed an agreement with the National Bank of Egypt to arrange a EGP 13 bn loan from a consortium of banks to upgrade its infrastructure and mobile internet services, Al Mal reports. 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