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Zain Eyes Mobile License in Egypt

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Zain has confirmed that it is interested in buying a 4G license in Egypt from the telecoms regulator.

In a statement to the Kuwait stock market, the company said that it had made the approach through one of its subsidiaries.

Zain "is studying a number of investment opportunities available in the region, one of which is the Egyptian telecommunications market as a strategic market in the Middle East and Africa", the company said.

The Egyptian regulator recently granted a 4G license to the incumbent landline operator, and has offered them to the three mobile networks, Orange, Vodafone and Etisalat.

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Tags: zain  4g license  Egypt