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Thursday, 14 April 2016

Telecom Egypt in talks to bring El Nawawy back, this time as chairman of TE Data?

Is El Nawawy coming back to captain Telecom Egypt’s mobile bid through TE Data? TE Data may soon have a new chief, but he’ll be an old hand. With the internet service provider mired in allegations of poor service quality and facing a potential anti-trust probe, word on the street is that former Telecom Egypt Chief Executive Officer Mohamed El Nawawy could be parachuted in as chairman. An able manager who came up through the ranks at TE Data before being tapped to run the mothership, El Nawawy was sacked by then-prime minister Ibrahim Mahlab in the spring of 2015. In what could be an exceptionally rare stroke of inspired genius in government, Al-Borsa reports that if El Nawawy agrees to return to TE, the fixed-line giant would put TE Data in the driver’s seat for its bid to obtain a 4G mobile network operator’s license. The state feels operating a 4G network is a better fit for TE Data than for TE, the piece suggests.

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