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TE to be allowed to offer mobile services in one month – paper

TE to be allowed to offer mobile services in one month – paper
Telecom Egypt
ETEL
-3.85% 37.50 -1.50
Egypt’s landline operator Telecom Egypt (TE) has received a pledge from the Egyptian government that it will be allowed to foray into the country’s mobile phone market within a period not exceeding one month, Shorouk newspaper cited CEO Mohamed El Nawawy as saying.
During a conference with the company’s workers in Marsa Matrouh, the top official said he received a verbal promise from the Prime Minister to operate the mobile service within one month.
El Nawawy told the newspaper his company is fully prepared to kick off the service three weeks only after being licensed.
Minister of Communications Atef Helmy has previously reiterated commitment to award TE a mobile license in return of granting other mobile companies the right to operate in fixed line segment.