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Telecom Egypt in talks to offer mobile services
- Egypt: Wednesday, November 14 - 2012 at 05:19
Telecom Egypt is in advanced talks with the government on a deal allowing it to offer mobile services in addition to its traditional mainstay fixed-line business, where revenue is under pressure, Reuters has reported. "The discussions are in a very mature phase," chief executive Mohamed El-Nawawy said, adding that an agreement was imminent. The company, which is 80% owned by the state, has been relying on its data business to boost revenue.
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