Telecom Egypt sale gets go-ahead

25 Nov 2005

According to a report in local paper Al Gomhouriya, Egypt’s Council of Ministers has agreed to the government’s plan to sell 20% of state-owned telecoms company Telecom Egypt in an initial public offering (IPO). The price of the stock is thought to range between EGP12.95 (USD2.2) and EGP14.25 (USD2.5) per share.

Egypt, Telecom Egypt