05 June 2025
Orange Egypt has announced the successful securing of a syndicated loan from the European Bank for Reconstruction and Development (EBRD) in partnership with Banque Misr, aimed at advancing its 5G ambitions within the country.
The financing package totals €39 million from the EBRD, complemented by approximately €35.6 million from Banque Misr’s Dubai branch, providing crucial support for the telecom operator’s efforts to obtain a 5G mobile license from the National Telecommunications Regulatory Authority.
This investment is set to facilitate the deployment of 5G services across Orange Egypt’s network, promising significantly faster data upload and download speeds along with reduced network latency. The rollout of 5G is anticipated to deliver substantial benefits to both consumers and businesses, enabling the development of innovative solutions, enhancing customer experiences, and fostering digital growth in the region.
In addition to boosting connectivity, the project is expected to contribute to environmental sustainability by reducing CO2 emissions by approximately 1,740 tonnes annually. Such an eco-friendly approach underscores the broader benefits of digital infrastructure improvements.
Jean-Marc Peterschmitt, EBRD’s Managing Director for the corporate sector, emphasized that the project would bolster Egypt’s digital infrastructure, thereby improving internet connectivity for individuals, enterprises, and the national economy. Mohamed Sayed, Chief Financial Officer of Orange Egypt, highlighted the transformative potential of 5G technology, noting its role in advancing sectors such as education, healthcare, and smart city development, ultimately helping to bridge the digital divide and propel Egypt’s digital economy forward.
