A court in Cairo has postponed a lawsuit against Telecom Egypt [ETEL.CA] until 28 March 2017. The State Council’s Commissioners’ Body (SCB) recommended invalidating the IPO that had taken place in 2005 for 20% of the company’s shares.
Telecom Egypt: EGP11.68 as of 7 Mar. 2017, Rating: Neutral, TP: EGP10.25/share, MCap: USD1,139mn, ETEL EY/ETEL.CA
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