The Bank of China and China Export & Credit Insurance Corporation (Sinosure) will provide US$200 million in long-term financing to Telecom Egypt.
The financing was facilitated by Huawei. It is intended to finance the roll-out of Telecom Egypt's 4G network and the deployment of transmission and core networks.
Mr. Terry Liu, CEO of Huawei Egypt Office said: “Throughout the years Huawei has been successful in building and maintaining a strong...