Telecom Egypt refuses to subcontract mobile business to foreign operators
Telecom Egypt [ETEL.CA] (TE) has announced that it would not subcontract its potential mobile business to any foreign operators, according to unnamed sources. This comes following circulated news that Zain Group would be interested in managing TE’s potential mobile network. (Al Borsa) Telecom Egypt: EGP9.15 as of 01 August 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,759mn, ETEL EY / ETEL.CA
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