VOL. XLI

No. 11

16-March-1998

EGYPT

Egyptian State Will Privatize 20% Of Arento

The Egyptian Government has said that it will sell only a 20% stake in the statetelecommunications company Arento and that the 20% will be reserved solely for Egyptianinvestors - if and when a flotation takes place. Prime Minister Kamal al-Ganzuri alsopromised that that the government alone will continue to decide on tariffs for telephoneservices. Mr. Ganzuri, who made the commitments in the face of strong...