Orange Egypt Secures $80 Million Loan to Acquire 5G License and Expand Next-Gen Network

Orange Egypt has obtained a syndicated loan of approximately $80 million to finance its purchase of a 5G mobile license from Egypt’s National Telecommunications Regulatory Authority (NTRA) and support the rollout of next-generation telecommunications infrastructure. The financing package is backed by the European Bank for Reconstruction and Development (EBRD), contributing €39 million, and Banque Misr’s Dubai branch, providing $40 million (approximately €35.6 million).

This funding will enable Orange Egypt to deploy 5G services, significantly enhancing network speed, reliability, and data transmission. The upgrade promises improved user experiences with lower latency and smoother connectivity, while opening new opportunities for businesses to offer innovative digital services. These advancements align with Egypt’s broader digital economy goals.

In addition to performance improvements, the 5G rollout is expected to reduce over 1.74 million tonnes of carbon dioxide emissions annually, supporting Egypt’s sustainability objectives.

Jean-Marc Peterschmitt, EBRD Managing Director for the Corporate Sector, highlighted the project’s role in strengthening Egypt’s digital infrastructure. Banque Misr executives emphasized the telecom sector’s strategic importance and their commitment to sustainable national development, with Banque Misr’s Dubai branch leveraging international networks to facilitate regional financing.

Orange Egypt’s CFO, Mohamed Sayed, noted that 5G will expand services in key sectors such as education, healthcare, and smart city initiatives, helping bridge the digital divide and accelerate Egypt’s digital transformation.

A subsidiary of France’s Orange Group, Orange Egypt has operated since 1998, providing mobile, fixed-line, and IPTV services integral to the country’s growing digital infrastructure. Egypt has received over €13.2 billion in EBRD investments since 2012, supporting numerous development projects and SMEs.