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Etisalat Egypt says secures $1.3 billion loan

CAIRO, May 10 (Reuters) - The Egyptian unit of Abu Dhabi's Etisalat will borrow 7.2 billion Egyptian pounds ($1.3 billion) from a group of three banks, a statement from the unit said on Monday. The funds will come from National Bank of Egypt, Banque Misr and National Bank of Abu Dhabi, the unit's chief financial officer Ehab Rochdy said in the statement, adding the funds would be used for expansion and to improve services. (Reporting by Yasmine Saleh and Alastair Sharp) ($1 = 5.541 Egyptian pounds) Keywords: ETISALAT/EGYPT (alastair.sharp@reuters.com; Cairo newsroom +20 2 2578 3290; Reuters Messaging: alastair.sharp.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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