Telecom Egypt talks with state on mobile plans advance

CAIRO Mon Nov 12, 2012 3:58am EST

CAIRO Nov 12 (Reuters) - Landline monopoly Telecom Egypt said on Monday it was in talks with the government to obtain a universal telecoms licence that would enable it to launch a mobile service and that discussions were at a "very mature phase".

Any agreement regarding a universal licence for Telecom Egypt would mean changing the licences of Egypt's three mobile operators to cover the same areas, chief executive Mohamed El-Nawawy told Reuters.

"The discussions are in a very mature phase," he said, adding that the firm wanted to set up a virtual mobile network and, in future, could set up a network based on its own assets. He did not say when talks would end.

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