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31-Aug-2016

Telecom Egypt signs 4G licence terms today at telecom regulator headquarters

Telecom Egypt (TE) [ETEL.CA] will sign the 4G licence terms today at the headquarters of the National Telecommunication Regulatory Authority (NTRA), according to Mohamed Hanafy, spokesman to the Ministry of Communications and Information Technology (MCIT). Yasser Al Kady, Minister of Communications and Information Technology, will attend the event. (Al Mal, Bloomberg)   Telecom Egypt: EGP9.80 as of 30 August 2016, Rating: Neutral, FV: EGP10.25 per share, MCap: USD1,884mn, ETEL EY / ETEL.CA

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