VOL. XLI

No. 04

26-January-1998

EGYPT

Egypt Will Sell 30% Of Its Mobile Phone Services To The Private Sector

The Egyptian authorities have sent out a first signal that they are serious aboutprivatizing the utilities sector through the formation of the Egyptian Mobile PhoneServices Company, which will take over the GSM network in Egypt. A total of 18mn shares,valued at E10 ($2.94) per share, representing 30% of the new company, will be offered tothe public for one month from 15 February or for...