The Egyptian for Mobile Services S.A.E/Mobinil

Mobinil is engaged in the execution, management, operation, development & maintenance of a digital cellular mobile telecommunications system, global system for mobile communication (GSM). The Company sells & distributes mobile lines, scratch cards, mobile equipments & accessories. It also offers roaming services to travelers visiting Egypt, & to locals traveling abroad. Mobinil provides its services inside & outside the Arab Republic of Egypt. Mobinil is currently the second largest local GSM mobile operator in terms of subscribers (c. 30.4mn subs).
Financial Performance:
In 2011 Mobinil signed an agreement to secure a 7-year medium-term loan (MTL) of EGP2bn, which was used to repay an EGP1bn syndicated bridge loan and to finance capital expansions. With the new facility in place, EMOB ended 2010 with a net debt-to-EBITDA of 1.5x, thus keeping the ratio below the safe threshold of 2x.