No. 20



Privatization Of Telecom Egypt Expected In Fourth Quarter 2000

The Egyptian Government has given its initial approval for the offer of 20% of Telecom Egypt in a tranche during the fourth quarter of 2000, according to a report in the state-owned newspaper al-Akhbar on 9 May. An official at the Ministry of Public Enterprise Office confirmed the approval, which will be finalized after an accurate valuation of the companys assets is undertaken. According to the...