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Mobinil Could Sell $175m Bonds For Network Expansion
Published Sep 7, 2010
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Hassan Kabbani, CEO of the Egyptian Co for Mobile Services (MobiNil), has said the firm may issue bonds valued at EGP1bn ($175m) to fund network expansion. Kabbani claimed that the company has difficulties borrowing from banks because the central bank limits how much a local company can raise from lenders and treats Mobinil as a unit of Orascom Telecom Holding when it should be considered part of France Telecom.
Posted by
VMD - [Virtual Marketing Department]
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