Telecom Egypt Says Ready To Turn Into Integrated Operator

Telecom Egypt (TE) (ETEL.CA) confirmed on Wednesday that it is close to obtain an integrated telecom license which will benefit the country’s telecom sector.

TE further emphasized in a statement its readiness to implement the company’s strategy, which is coherent with its large base of subscribers, and to transform to an integrated telecom provider.

Accordingly, the Egyptian Exchange (EGX) has approved to resume trading on the TE’s stock after it was suspended during the early trading as the bourse awaited the company’s reply to its inquiries as regards offering mobile services.