ECA investigates TE over monopolistic activities in the internet market
The Egyptian Competition Authority (ECA) is investigating Telecom Egypt (TE) [ETEL.CA] over alleged monopolistic activities in the fixed internet market in Egypt. This comes following the refusal of TE to lower its infrastructure renting fees to the internet service providers (ISPs), which would have caused retail prices to decline. The results of the ECA are expected to be announced in April 2016. (Al Borsa) Telecom Egypt: EGP7.91 as of 16 March 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,509 million, ETEL EY / ETEL.CA
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