September 27, 2017 / 1:07 PM / a year ago

Orange Egypt to receive 4G frequency on Thursday

CAIRO (Reuters) - Orange Egypt EMOB.CA is set to receive the wireless frequency it needs to deliver 4G mobile services on Thursday, the company said.

FILE PHOTO: People are seen in front of Orange Egypt Telecommunications Co on the outskirts of Cairo, Egypt November 13, 2016. Picture taken November 13, 2016. REUTERS/Amr Abdallah Dalsh

The subsidiary of French telecoms group Orange (ORAN.PA) has so far invested 8.6 billion Egyptian pounds (364.04 million pounds)to develop the service and has taken a 750 million euro loan from its parent company to cover the costs, it said in a statement.

Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Louise Heavens

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