Egypt to Have Third Mobile Telephone Company in Six Months
A third mobile service provider in Egypt will be initiated in six months, said Chairman of Telecom Egypt, Aqeel Bashir.
“Telecom Egypt will choose an anchor investor fairly soon,” he said, cited by the weekly Middle East Times.
State-owned Telecom Egypt is expected to strike a deal with an international bank within a week to help it identify an appropriate strategic investor.
"There are negotiations underway at the moment with an international bank but I cannot comment on them until we reach a final agreement," Bashir said – Albawaba.com