VOL. XLI

No. 12

23-March-1998

EGYPT

Foreign Consortium Bids For Mobile Phone License In Egypt

Press reports have indicated that an international consortium led by France Telecom andMotorola of the US will purchase 70% of the shares of the Egypt Mobile Phone ServicesCompany (EMPSC), following the offer of a 30% stake to the public last February (MEES,9 March). The consortium is trying to obtain a license to operate the service in Egypt.According to the reports, the consortium - called Mobile Nile...