Mobinil signs EGP2.9bn loan for debt repayment
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Mobinil signs EGP2.9bn loan for debt repayment

Mobinil signs EGP2.9bn loan for debt repayment

Egyptian mobile telecoms operator MobiNil has signed a EGP2.9bn ($475m) consolidated loan to repay some of its debts and to expand its network, Zawya Dow Jones has reported. MobiNil reported a first half net loss of EGP47m, almost half of the EGP85.8m loss it registered a year ago.

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