Egypt suspends sale of Telecom Egypt stake -sources

Telecom Egypt SAE

21/03/2023 11:15

CAIRO, March 21 (Reuters) - Egypt's government has
decided to suspend the sale of a stake in state-controlled
Telecom Egypt  ETEL.CA  because of market conditions, three
sources close to the matter said.
    Telecom Egypt said on March 7 that the government had
started to consider a sale of an additional stake in the
company. Sources had previously told Reuters the company was
seeking to sell a 10% stake. 
    Government officials declined to comment and Telecom Egypt
officials were not immediately available for comment.
    

 (Reporting by Hadeel Al Sayegh, Patrick Werr and Momen Saeed
Atallah
Writing by Aidan Lewis
Editing by David Goodman
)
 ((Aidan.Lewis@tr.com; +20-1001174410;))