{"id":629460,"date":"2018-05-31T04:09:28","date_gmt":"2018-05-31T04:09:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/telecom-egypt-inks-usd-200-mn-financing-agreement-brokered-by-chinas-huawei-will-use-funds-to-roll-out-4g-network\/"},"modified":"2018-05-31T04:09:28","modified_gmt":"2018-05-31T04:09:28","slug":"telecom-egypt-inks-usd-200-mn-financing-agreement-brokered-by-chinas-huawei-will-use-funds-to-roll-out-4g-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/telecom-egypt-inks-usd-200-mn-financing-agreement-brokered-by-chinas-huawei-will-use-funds-to-roll-out-4g-network\/","title":{"rendered":"Telecom Egypt inks USD 200 mn financing agreement brokered by China\u2019s Huawei, will use funds to roll out 4G network"},"content":{"rendered":"

<\/a> TE cozying up to China: <\/strong>Telecom Egypt and China\u2019s Huawei Technologies signed a USD 200 mn long-term financing agreement with a number of Chinese financial institutions, including the the Bank of China and the China Export and Credit Insurance Corporation (Sinosure). The four-year loan, which Huawei facilitated for TE with \u201ccompetitive financing conditions,\u201d will be used to finance the roll out of TE\u2019s 4G services and \u201cthe deployment of transmission and core networks,\u201d TE said in a press release yesterday (pdf)<\/a>. \u201cTE has several strategic long-term expansion plans to be delivered in the coming years. To achieve such plans we have worked on attaining long-term financing at the lowest possible cost as well as the most convenient payment terms to match our cash flow generation,\u201d CEO and Managing Director Ahmed El Beheiry said. \u201cThe facility benefits Telecom Egypt by providing a simplified purchasing process through a packaged financial solution, while it allows Huawei to further expand its business in Egypt.\u201d<\/p>\n

The news comes as TE is still reportedly seeking a <\/strong>USD 200 mn short-term facility<\/strong><\/a> from the African Export-Import Bank<\/strong>, which sources said will be used to finance the USD 90 mn acquisition of MENA Cables from Orascom Telecom Media and Technology, as well as other investments in telecom infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

TE cozying up to China: Telecom Egypt and China\u2019s Huawei Technologies signed a USD 200 mn long-term financing agreement with a number of Chinese financial institutions, including the the Bank of China and the China Export and Credit Insurance Corporation (Sinosure). The four-year loan, which Huawei facilitated for TE with \u201ccompetitive financing conditions,\u201d will be […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629460","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9cbd8f4e-b622-4c7a-b757-2a9fa8be8142","order":"0","is_powered_by":true,"section_story_id":"6affadfc-9252-43d5-a1f4-14afe10279d8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629451],"teaser":"","voice_url":""},"yoast_head":"\nTelecom Egypt inks USD 200 mn financing agreement brokered by China\u2019s Huawei, will use funds to roll out 4G network - 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\/2018\/05\/31\/telecom-egypt-inks-usd-200-mn-financing-agreement-brokered-by-chinas-huawei-will-use-funds-to-roll-out-4g-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telecom Egypt inks USD 200 mn financing agreement brokered by China\u2019s Huawei, will use funds to roll out 4G network\" \/>\n<meta property=\"og:description\" content=\"TE cozying up to China: Telecom Egypt and China\u2019s Huawei Technologies signed a USD 200 mn long-term financing agreement with a number of Chinese financial institutions, including the the Bank of China and the China Export and Credit Insurance Corporation (Sinosure). 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El Kady did not provide\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":628734,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/te-to-acquire-otmts-mena-cables-in-usd-90-mn-transaction-obtain-long-term-usd-credit-facilities\/","url_meta":{"origin":629460,"position":2},"title":"TE to acquire OTMT\u2019s MENA Cables in USD 90 mn transaction, obtain long-term USD credit facilities","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"M&A WATCH- TE to acquire OTMT\u2019s MENA Cables in USD 90 mn transaction, obtain long-term USD credit facilities: Telecom Egypt (TE) announced on Thursday\u00a0that its board of directors has signed off on the decision to acquire Orascom Telecom and Media Technology\u2019s (OTMT) MENA Submarine Cables Systems in a USD 90\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":597712,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/usd-3-bn-in-chinese-financing-for-egypt-as-el-sisi-deepens-ties-with-china-at-belt-and-road-forum-in-beijing\/","url_meta":{"origin":629460,"position":3},"title":"USD 3 bn in Chinese financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"USD 3 bn in fresh financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing: A series of new financing, manufacturing, and communications agreements were signed last week between Egyptian and Chinese companies as President Abdel Fattah El Sisi joined the three-day Belt\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\/2019\/4\/1191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647221,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/te-in-talks-with-huawei-and-nokia-to-develop-4g-infrastructure\/","url_meta":{"origin":629460,"position":4},"title":"TE in talks with Huawei and Nokia to develop 4G infrastructure","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"Telecom Egypt (TE) is reportedly in talks to have Nokia and Huawei provide key technology for its 4G network, Al Borsa said on Wednesday. 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