---
title: Government pulling Telecom Egypt share sale - Developing Telecoms
description: The Egyptian government has reportedly suspended plans to sell a stake in state-owned operator Telecom Egypt due to market conditions, reported Reuters.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/14746-government-pulling-telecom-egypt-share-sale.html
language: en-GB
date: 2023-03-22T11:17:07Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/14746-government-pulling-telecom-egypt-share-sale.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1046
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/14746-government-pulling-telecom-egypt-share-sale.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Government pulling Telecom Egypt share sale

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     22 March 2023     5750 views   

 

  ![Government pulling Telecom Egypt share sale](https://developingtelecoms.com/images/stories/Places/800x600/Cairo_Tower_view_600.jpg)  

 

The Egyptian government has reportedly suspended plans to sell a stake in state-owned operator Telecom Egypt due to market conditions, reported Reuters.

It was reported earlier this month the government began [mulling a sale](https://developingtelecoms.com/telecom-business/operator-news/14665-egypt-considers-10-stake-sale-in-telecom-egypt.html), with sources telling Reuters 10% was on offer for interested parties. But interest in the shares was apparently low. The government currently holds 80% of the shares in Telecom Egypt.

The share sale would have net government coffers around EGP4.5 billion ($147 million), as we had previously reported.

Telecom Egypt recently made moves to bolster operations. It signed an agreement with IBM to [upgrade its OSS systems](https://developingtelecoms.com/telecom-business/operator-news/14707-telecom-egypt-automates-network-with-ibm.html) and [acquired US$125 million worth of spectrum](https://developingtelecoms.com/telecom-business/operator-news/14476-telecom-egypt-acquires-spectrum-for-125m.html).

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.developingtelecoms.com\/#manny_pham_133554b7e2"
            },
            "dateModified": "2023-03-22T11:17:07Z",
            "datePublished": "2023-03-22T11:17:07Z",
            "description": "The Egyptian government has reportedly suspended plans to sell a stake in state-owned operator Telecom Egypt due to market conditions, reported Reuters.",
            "headline": "Government pulling Telecom Egypt share sale",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/Cairo_Tower_view_600.jpg",
                    "caption": "",
                    "description": "Government pulling Telecom Egypt share sale",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/14746-government-pulling-telecom-egypt-share-sale.html"
            },
            "publisher": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/14746-government-pulling-telecom-egypt-share-sale.html"
        },
        {
            "@type": "Person",
            "name": "Manny Pham",
            "@id": "https:\/\/www.developingtelecoms.com\/#manny_pham_133554b7e2"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->