Zain Group [ZAIN.KW] has shown interest in acquiring the upcoming 4G licence in Egypt, according to a high ranking source at the Egyptian Ministry of Communications and Information Technology (MCIT). Zain Group apparently sent an official request to MCIT last week showing interest in acquiring the said licence. Foreign companies would be allowed to bid for the 4G licence if one of the operators in Egypt backs off. China Telecom had also shown interest in the licence. (Reuters)   Zain Group: KWD0.33 as of 17 July 2016, Rating: Buy, FV: KWD0.51 per share, MCap: USD4,755 million, ZAIN KK / ZAIN.KW