Telecom Egypt (TE) [ETEL.CA] will determine the fate of its 45% stake in Vodafone Egypt (VFE) when both operators get the 4G licence, according to the Minister of Communications and Information Technology, Yasser Al Kady. The government will consider allowing the company to keep the stake, but will also guarantee effective fair competition guidelines. Other options will also be considered, including selling the stake to other government entities or state-owned banks. The government had previously established a consortium composed of representatives from other ministries to sort out the best option to dispose the stake. In other news, if Zain Group [ZAIN.KW] were to acquire the 4G licence in Egypt, the company would pay the entire cost in USD in a single instalment. (Al Alam Al Youm, Al Mal)   Telecom Egypt: EGP9.86 as of 21 August 2016, Rating: Neutral, FV: EGP10.25 per share, MCap: USD1,919mn, ETEL EY / ETEL.CA Zain Group: KWD0.33 as of 21 August 2016, Rating: Buy, FV: KWD0.51 per share, MCap: USD4,755mn, ZAIN KK / ZAIN.KW