Addleshaw Goddard advises on $80m financing deal for Orange Egypt
The transaction marks a significant development in the country's telecommunications sector, as the financing will enable Orange Egypt to strengthen its infrastructure and acquire a 5G mobile operating license. This upgrade is expected to enhance mobile network efficiency by delivering faster data speeds and reducing network response times, benefiting consumers and businesses across Egypt.
The financing consists of two tranches, with Banque Misr and EBRD each contributing 50% of the total amount. Both banks played vital roles in the transaction, demonstrating confidence in Egypt's growing digital economy and its alignment with sustainable development goals.
By supporting Orange Egypt's 5G deployment, the financing highlights the broader significance of this initiative, as 5G technology is more energy-efficient than previous generations, contributing positively to efforts to reduce the carbon footprint of telecommunications infrastructure in Egypt.
Sandeep Puri, Partner and Head of UAE Banking and Finance at Addleshaw Goddard, commented, 'We are honoured to have supported Banque Misr and EBRD in facilitating this financing for Orange Egypt's 5G rollout. The project not only reflects an important leap in the country's technological infrastructure but also aligns with sustainability measures for a cleaner future.'
The Addleshaw Goddard team advising on the transaction was led by Sandeep Puri, supported by associate Maral Nafar.
This transaction cements Addleshaw Goddard's reputation for providing comprehensive advisory services on high-impact deals across the MENA region, particularly in the telecommunications and banking sectors.
About Addleshaw Goddard:
Addleshaw Goddard is a global law firm with 2,800+ partners and employees across our 19 offices spanning key commercial centres around the world. Six in the UK – London, Leeds, Manchester, Edinburgh, Glasgow, Aberdeen; eight in Europe – four in Germany and one in Ireland, France, Luxembourg and Spain; a further four in the GCC – Doha, Dubai, Muscat, and Riyadh; and one in Asia – Singapore. We have over 350 Partners and nearly 2,000 lawyers and fee-earners worldwide. In the Middle East we have more than 20 partners and close to 100 other fee earners.
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