Cairo – Mubasher: Orange Egypt for Telecommunications’ ordinary general meeting (OGM) has approved the signing of a financing agreement with its major shareholder MT Telecom for a loan worth EUR 250 million.
The loan aims at financing the company’s needs, with the maturity date set on 21 December 2020 with an annual interest rate of 7.7%, a bourse filing said on Sunday.
MT Telecom owns a 98.92% stake in Orange.
