Telecom Egypt To Ditch Vodafone For Telecom Italia

Telecom Egypt is to take a gamble and see whether its decision to enter as part of a consortium with Telecom Italia for Egypt's third mobile licence pays off. This would mean that the Egyptian operator would have to relinquish its 25% stake in the country's second-ranked mobile operator Vodafone Egypt. In March, the operator stated that it would carefully consider whether the long term benefits derived from submitting a bid for the country's third mobile licence would outweigh its arrangement with Vodafone. Just over a month on, Telecom Egypt has decided that it will co-operate with Telecom Italia, an

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