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Saudi-Egyptian-Malaysian Consortium Bids for Mobile Network in Egypt - ASHARQ AL-AWSAT English Archive
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Cairo, Asharq Al-Awsat – Director General of the Saudi Telecommunications Company Saud Al-Daweish has reiterated that the company is currently competing to win the third license for a mobile network in Egypt.

In a statement published today in Cairo-based “Al-Ahrar” newspaper, Al-Daweish said all required arrangements have been made to compete winning the license of the mobile network through formation of a consortium comprising the Saudi Telecommunications Company, an Egyptian partner and a Malaysian company.

He pointed that the Saudi Telecommunications Company views the Egyptian market as a strategic expansion zone because it is a promising market for investment due to the big population of Egypt.

Al-Daweish added that, “our company will not be in need for a foreign financier for financing the setting up of the third mobile network, because the company has adequate capabilities and potentialities,”.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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