Telecom Italia will join state-controlled Telecom
A Telecom Egypt statement said the parties agreed that Telecom Egypt would own a majority stake in the consortium, according to the report.
The government sale of a third mobile license would allow a new entrant into an Egyptian market dominated by MobiNil, owned by Egypt's Orascom Telecom Holding and France Telecom, and Vodafone Group, the report said.
The report said Telecom Italia cooperated with Telecom