New GSM operator in Egypt

Effendi · 03-05-2006, 07:53

Telecom Egypt,Telecom Italia To Bid For Mobile License

CAIRO -(Dow Jones)- State-controlled Telecom Egypt, Tuesday said it would join forces with Telecom Italia to bid for Egypt's third mobile telecommunications license.

A Telecom Egypt statement said the parties agreed Telecom Egypt would own a majority stake in the consortium.

The government sale of a third mobile license will allow a new entrant into an Egyptian market dominated by MobiNil - owned by Egypt's Orascom Telecom Holding and France Telecom - and Vodafone Group.

The deadline for bids is Thursday.

Egypt's telecom regulator last month said it expected a minimum of 2.5 billion Egyptian pounds ($433.8 million) to be offered in the tender.

Telecom Italia previously cooperated with Telecom Egypt in 2004 when it agreed a deal that enabled the Egyptian company to offer Internet protocol services to its clients.

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Effendi (Offline) The great Dictator! Prepaid Prophet Posts: 2,487 Join Date: 13 Jan 2004 Location: Trieste/Trst Country:	03-05-2006, 07:53 Telecom Egypt,Telecom Italia To Bid For Mobile License CAIRO -(Dow Jones)- State-controlled Telecom Egypt, Tuesday said it would join forces with Telecom Italia to bid for Egypt's third mobile telecommunications license. A Telecom Egypt statement said the parties agreed Telecom Egypt would own a majority stake in the consortium. The government sale of a third mobile license will allow a new entrant into an Egyptian market dominated by MobiNil - owned by Egypt's Orascom Telecom Holding and France Telecom - and Vodafone Group. The deadline for bids is Thursday. Egypt's telecom regulator last month said it expected a minimum of 2.5 billion Egyptian pounds ($433.8 million) to be offered in the tender. Telecom Italia previously cooperated with Telecom Egypt in 2004 when it agreed a deal that enabled the Egyptian company to offer Internet protocol services to its clients. Working Prepaids: IT: Wind, Vodafone IT, UNO Mobile; SM: Prima; UK: 3, Virgin; INT: TravelSIM, Truphone. Deceased Prepaids: CZ: Oskar, Eurotel; SK: Orange; DE: E-Plus, Aldi, Simyo; GE: Geocell; AM: Armentel; PL: Heyah, Plus; LT: Tele2; LV: Amigo; EE: Elisa; UA: Kyivstar; NZ: Vodafone; INT: UM, UM+, ICQSim. GSM/3G Phones: Nokia Lumia 630 dual sim