Telecom Egypt says it has no plans for regional expansion

31 October 2010

Company is focusing on its home market

Tarek Tantawy, chief executive of Telecom Egypt, has said it plans to focus on growth in Egypt and has no interest in acquiring a stake in Zain Saudi, Reuters has reported. “All of our focus in the coming period is for our home market, to become a total communications provider and increase broadband penetration,” Tantawy told the news service. “We see a future in broadband in our home market.”

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