MM Group for Industry and International Trade (MTI) announced entering into a distribution agreement with Huawei Consumer Business Group to become one of its main distributors of mobile phones in Egypt. The agreement will increase MTI’s market share in the mobile phone distribution market, MTI CEO Khaled Mahmoud said. Beltone Financial says the agreement is for a year that could be renewed at the end of the period and includes target sales of USD 100 mn in 2017, with MTI set to begin selling Huawei handsets this month.

Tags: