(2016-06-22) Claim to annul selling 20% of TE shares delayed to August 3 The Administrative Court decided to postpone looking into the lawsuit against Telecom Egypt (ETEL) concerning annulment of selling 20% of its shares till August 3, 2016, for the response of Egyptian State Lawsuits Authority, TE reported in a press release sent to EGX.
Telecom Egypt offered 20% of its stocks for subscription in 2005, amounting to 340 million shares at purchase price of LE10 per share