Telecom Egypt doubles net profit through 2015; Xiaomi CEO enigmatic on IPO

Wireless news from around the web

> Telecom Egypt reported a 2015 net profit of EGP2.9 billion (€349 million/$383 million), up from EGP1.4 billion in 2014. Reuters article

> Amazon backtracked on a decision to remove encryption from devices running its Fire OS. Bloomberg report

> Messaging app provider Line is reportedly planning an IPO of up to $3 billion (€2.7 billion). Reuters article

> Mobile payment processor Monitise entered early talks over a sale of its marketing content business, Markco Media. Reuters article

> Xiaomi won't rush into an IPO, CEO Lei Jun said. Bloomberg report

And finally…After the backlash, redesigned people-rating app Peeple tries again. BBC News article

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