An international loans amounts to $750 million for Mobinil

At the beginning of the coming weeks several international and Egyptian financial corporations will begin measures for providing an international loan to Mobinil (the Egyptian company for mobile telephone service) amounting to $750 million.

Chase Manhattan Bank will provide the foreign part of the loan, while the Egyptian Ahli Bank and the International Banks for Egypt will provide the local part of the loan.

ArabicNews.com learned that 25 financial and investment corporations proceeded to present offers to Mobinil to take part in loans that the company is going to use to support its administration and upgrade its current network.