Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) announced that it paid off its indebtedness to the Bank of Alexandria on 15 March 2016.

Egysacom paid back a total of EGP 10 million on two installments by 15 March 2015 and 31 December 2014, which was earlier borrowed to establish a cellular network.

In the first nine months of 2015, the company registered a net profit of EGP 343,800, compared to EGP 2.57 million in 2014