Telenor, 04 april, 2006
Telenor and NTC to cooperate in Egypt
(Fornebu, Norway/Cairo, Egypt: 04.04.2006) Telenor announced Tuesday a partnership with National Telecommunications Holding Corporation (NTC) in connection with the third mobile license in Egypt.
Telenor and NTC will jointly deliver an application to qualify for participation in the auction for the Egyptian mobile license. The application is to be handed in before May 4th.
"Telenor has extensive experience in running mobile operations in different countries, but it is nevertheless vital to have a proper local partner. NTC and Telenor supplement each other very well, and we are confident that this partnership provides us with an excellent basis for the process ahead", said Jan Edvard Thygesen, Executive Vice President and head of Telenor Central and Eastern Europe.
National Telecommunications Holding Corporation was established in 1995 as one of the first private Egyptian technology-based holding company operating in the telecommunications and information technology fields in Egypt and the Middle East. NTC has grown since then to become a conglomerate encompassing 16 subsidiaries in telecommunications, information technology and financial services as well as manufacturing of telecommunications equipment and products.
More information about NTC:
www.ntcegypt.com
Source:
http://press.telenor.com/PR/200604/1043177_5.html