Saturday, Dec 29, 2012
(This story was originally published Thursday.)
CAIRO (Zawya Dow Jones)--Egypt's government will allow the majority state-owned Telecom Egypt (ETEL.CI) to provide mobile telephone services by the middle of next year, the telecommunications regulator said in a statement.
The National Telecommunications Regulatory Authority will eventually also allow private mobile companies to establish fixed-line systems on existing infrastructure owned by Telecom Egypt, which enjoys a monopoly on land lines.
Telecom Egypt, which is 80% owned by the government, will join three existing private telcos--Vodafone Egypt, Mobinil and Etisalat Misr--in offering mobile services in the Arab country.
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(END) Dow Jones Newswires
29-12-12 0658GMT
