VOL. XLIV

No. 08

19-February-2001

EGYPT

Egypts Second Mobile Phone Operator Plans IPO

Egypts Click Vodafone GSM, the countrys second cellular operator, announced on 12 February plans to sell at least 15% of the company through an initial public offering (IPO) in the form of global depository receipts and an offering on the local market. According to Muhammad al-Hamamsi, executive director of Click Vodafone, the IPO will take place in the second half of the year with the date and offering price...