Telecom Egypt (TE) [ETEL.CA] has granted the National Telecommunication Regulatory Authority (NTRA) the right to negotiate the re-pricing of the former’s infrastructure renting rate with the mobile network operators (MNOs). NTRA will also be responsible for negotiating all the commercial agreements between TE and the respective MNOs. NTRA has concluded the required technical framework for TE to be able to offer 2G and 3G services on the MNOs’ networks and is currently negotiating with TE and the MNOs on the fixed-line renting rates for the latter to offer virtual fixed-line services on TE’s network, according to unnamed sources close to the negotiations. (Al Borsa)   Telecom Egypt: EGP8.57 as of 11 July 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,647mn, ETEL EY / ETEL.CA