Orange Egypt has secured a syndicated loan worth over US$80 million from the European Bank for Reconstruction and Development (EBRD) and Banque Misr to help cover the cost of its recently acquired 5G mobile licence.
According to a statement from EBRD released Wednesday, the loan comprises EUR39 million (US$44.3 million) from the EBRD and US$40 million from Banque Misr’s Dubai branch.
EBRD said the rollout of 5G services across Orange Egypt’s network is expected to generate significant benefits for consumers and businesses, to include enabling companies to make more innovative offerings, enhance customer experience and stimulate digital growth.
EBRD also noted that 5G’s energy efficiencies are expected to reduce Orange Egypt’s CO2 emissions by over 1.7 million tonnes per year.
“This project will strengthen Egypt’s digital infrastructure, contributing to improved internet connectivity for local consumers, businesses and the broader economy,” said Jean- Marc Peterschmitt, EBRD’s corporate sector MD, in a statement.
Orange Egypt CFO Mohamed added, “Through technologies such as 5G, we aim to enhance services in education, healthcare and smart cities, bridging the digital divide and driving Egypt’s digital economy forward.”
Orange Egypt was awarded the 5G licence from the National Telecommunications Regulatory Authority (NTRA) in October 2024, along with Vodafone Egypt and e& Egypt. A statement from the Ministry of Communications and Information Technology (MCIT) at. the time said the three licences were valued at a combined US$675 million.
Telecom Egypt secured its 5G licence from the NTRA in January 2025 for US$150 million.