The offer Vodafone Egypt (VFE) submitted to Telecom Egypt (TE) on Sunday to allow it to use parts of its network was an amended version of an earlier offer, VFE’s External Affairs and Legal Director Ayman Essam said on Monday, Al Borsa reports. We noted yesterday that former TE CEO Tamer Gadallah indicated that the company was in “advanced stages” of talks with one of the MNOs, but refused to name the company. Both VFE and Orange Egypt had submitted technical offers for the agreement that would allow TE to use the MNOs existing network to offer 3G mobile services, and are expected to follow that up with financial offers within the coming few days.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…