VOL. XLII

No. 20

17-May-1999

EGYPT

Egypt Invites Consultants For Telecom Privatization

Egypt has invited international and local investment banksto submit their credentials for consideration to act as consultants overseeingthe privatization of Telecom Egypt, according to Cairo-based EFG-Hermes. Theannouncement, made on 10 May, "is a significant step forward towards thelong-awaited privatization of Egypt痴 fixed-line monopoly," according to astatement from the bank.

According to an analyst in...