Telecom Egypt stake might be sold by the govt

www.WirelessFederation.com/news: 80% stake in fixed line incumbent Telecom Egypt (TE) is considered to be sold by the Egyptian government. However, no final decision has been reached till now on such a divestment and no timeframe for a final decision on a stake sale has been suggested. Any such would also require prior approval from the cabinet.
After selling 20% tranche in December 2005, remaining 80% is held by the government.

According to Tarek Kamel, Egypt’s communications minister, depending on ongoing studies with experts and consultancies, an additional stake from Telecom Egypt could be listed on the stock exchange in the future. He also announced that fourth mobile license could also be offered again depending upon further studies on market dynamics and the added value of such an act.

Telecom Egypt has also expressed its desire to look to bid were such a concession put up for grabs.