{"id":634698,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/etisalat-misr-raises-capital-to-retire-4g-license-debt\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"etisalat-misr-raises-capital-to-retire-4g-license-debt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/etisalat-misr-raises-capital-to-retire-4g-license-debt\/","title":{"rendered":"Etisalat Misr raises capital to retire 4G license debt"},"content":{"rendered":"

Etisalat Misr is joining the list of companies in Egypt raising capital to retire debt it accumulated to pay for its 4G license<\/strong>. In a high interest rate environment, the company has begun expediting the repayment of EGP 4 bn it owed to a domestic bank consortium, sources told Al Shorouk<\/a>. Etisalat Misr had borrowed EGP 6 bn from a consortium that had CIB and NBE as lead arrangers which was used to pay for the rights for the 4G license in 2016. Sources say Etisalat Misr\u2019s interest costs rose seven percentage points last year. Al Shorouk says nine multinationals in Egypt are working on retiring debt using funding from their parent companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Etisalat Misr is joining the list of companies in Egypt raising capital to retire debt it accumulated to pay for its 4G license. In a high interest rate environment, the company has begun expediting the repayment of EGP 4 bn it owed to a domestic bank consortium, sources told Al Shorouk. Etisalat Misr had borrowed […]<\/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-634698","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5b69d386-405f-4341-bd8a-345ad4d8422b","order":"0","is_powered_by":true,"section_story_id":"ae84b239-d486-4342-83dc-6e00a7f70e0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634686],"teaser":"","voice_url":""},"yoast_head":"\nEtisalat Misr raises capital to retire 4G license debt - 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\/01\/22\/etisalat-misr-raises-capital-to-retire-4g-license-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etisalat Misr raises capital to retire 4G license debt\" \/>\n<meta property=\"og:description\" content=\"Etisalat Misr is joining the list of companies in Egypt raising capital to retire debt it accumulated to pay for its 4G license. In a high interest rate environment, the company has begun expediting the repayment of EGP 4 bn it owed to a domestic bank consortium, sources told Al Shorouk. 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The new investment will be funded by revenue from the company\u2019s recent capital increase, according to Roshdy.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638612,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/etisalat-misr-considers-capital-increase-to-fund-capex-amid-high-interest-rates\/","url_meta":{"origin":634698,"position":2},"title":"Etisalat Misr considers capital increase to fund capex amid high interest rates","author":"enterpriseam admin","date":"10 October 2017","format":false,"excerpt":"Etisalat Misr considers capital increase to fund capex amid high interest rates, says MNOs weren\u2019t down with the scratch card price hike: Etisalat Misr is considering a capital increase in the next 3-6 months, said the company\u2019s CEO Hazem Metwally. 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