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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



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)



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