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 told Reuters 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.
--reuters--