Zain reportedly considering Egyptian 4G licence bid

18 Jul 2016

Kuwait’s Zain has reached out to Egypt’s telecommunications regulator to register a preliminary interest in obtaining a 4G mobile concession, according to a report from Reuters, which cites a bourse filing made by the operator. In this, the Kuwaiti company confirmed it ‘is studying a number of investment opportunities available in the region, one of which is the Egyptian telecommunications market as a strategic market in the Middle East and Africa’. It is understood that the approach by Zain to the Egyptian authorities has been made through one of its subsidiaries.