Zulficar & Partners (“Z&P”) wishes to congratulate Orange Egypt for Telecommunications (“ Orange Egypt”) on the successful closing of a Syndicated Medium Term Facility Agreement for around US$ 80 million to finance acquisition of its 5G license from the National Telecommunications Regulatory Authority financed by EBRD, Banque Misr, and Banque Misr Dubai Branch.
Z&P is proud to have advised Orange Egypt on the transaction, alongside Addleshaw Goddard Middle East– Lenders’ international legal counsel, and Baker Mckenzie Cairo- Helmy, Hamza & Partners – Lenders’ Egyptian law legal counsel. Z&P wishes to congratulate all parties for their dedicated collaboration and valuable contribution leading to the successful closing of the transaction.
The transaction underscores international confidence in Egypt’s economy. The network upgrade financed by the facility is expected to cut CO2 emissions by over 1.7 million tonnes per year. The upgrade further supports sustainable growth of Orange Egypt as a leading mobile telecommunications provider, as well as supporting Egypt’s digital infrastructure, enhancing services in education, healthcare and smart cities, and driving Egypt’s digital economy forward.
Z&P team was lead by Tamima Yehia, Counsel, Banking and Finance, and included, Hana El Beltagi, Associate, Banking and Finance.
