Telecom Egypt to sell stakes in internet firms

8 Feb 2008

Telecom Egypt has agreed to sell its minority stakes in two internet service providers to wireless network operator Etisalat Egypt. Etisalat Egypt, a unit of the UAE-based Emirates Telecommunications Corp (Etisalat), will buy 27.3% of Nile Online and 16.5% of the Egyptian Company for Networks (EgyNet). The company did not disclose the value of the deal, but said it would be completed before 31 March.

Egypt, Telecom Egypt