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English news

16-May-2016

TE has shown interest in 4G; MNOs not yet

According to an official at the National Telecommunication Regulatory Authority (NTRA), none of the mobile number operators (MNOs) have sent their responses to the letter of interest for the 4G licence yet. NTRA started sending out the letters of interest last Tuesday to all operators including Telecom Egypt (TE) [ETEL.CA] which responded immediately, showing interest in the licence. (Al Shorouk)   Telecom Egypt: EGP7.80 as of 15 May 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,499 million, ETEL EY / ETEL.CA

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