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Egypt may sell stakes in Telecom Egypt in two years

06 March 2010

Egypt's communications minister, Tarek Kamel has said the country may sell a 'sizable' stake in fixed-line telephone monopoly Telecom Egypt (ETEL) within the next two years, Bloomberg has reported. The minister also said the government may award a fourth wireless license "in the coming few years." The main aim will be to focus on "value-added services as well as new applications," he said.

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