VOL. XLIII

No. 39

25-September-2000

EGYPT

Telecom Egypt Close To 20% IPO On Egyptian And International Markets

Egypt will offer at least 20% of its national telecommunications firm, Telecom Egypt, on Egyptian and world markets at the end of October, Information Minister Safwat al-Sharif said on 18 September. The initial public offering (IPO), which has been repeatedly delayed, should generate revenue of $1.2-1.4bn for the government, Mr Sharif said, according to the official Middle East News...