Kuwait’s Zain approaches Egypt telecom regulator on 4G licence

REUTERS

Kuwait’s Zain has communicated to Egypt’s telecommunications regulator its preliminary interest in obtaining a fourth-generation (4G) licence, the operator said in a bourse filing on Monday. Zain “is studying a number of investment opportunities available in the region, one of which is the Egyptian telecommunications market as a strategic market in the Middle East and Africa”, the company said, adding that it had made the approach through one of its subsidiaries.
A senior Egyptian telecommunications ministry official said on Sunday
that Zain had expressed interest in applying for a 4G licence. Sales of such licences are part of the country’s long-awaited plan to reform its telecommunications sector.