VOL. XLIII

No. 50

11-December-2000

EGYPT

Batelco Signs Purchase Agreement With Egypts Soficom Communication

Batelco Middle East Company (BMEC), a subsidiary of the Bahrain Telecommunication Company (Batelco), on 26 November signed an agreement to purchase shares in Egypts Soficom Communication, an Internet Service Provider (ISP). According to a Batelco press statement, BMEC will acquire 48% of Soficoms shares, while EgyNet, another ISP company, will hold a 50.25% stake and two individual...