Mobinil to get $346 million loan for expansion
Commercial International Bank , National Societe Generale Bank and the National Bank of Egypt will participate in the loan.
December 8, 2010 11:44 by Reuters
Egyptian cell phone operator Mobinil said on Wednesday it was arranging a 2 billion Egyptian pound ($346 million) medium-term loan to expand its network and finance other general expenses.
Commercial International Bank , National Societe Generale Bank and the National Bank of Egypt will participate in the loan, Mobinil said on Wednesday.
(Reporting by Alexander Dziadosz; Editing by Dan Lalor)
