The Ranin Consortium won an Egyptian wireless telephone network tender in valued $700 million, reported Al-Hayat. The tender consists of installing a five million wireless telephone network in three phases. The first phase includes installing 1.5 million wireless telephone lines at a cost of 1.5 billion Egyptian Pound ($325 million). The Ranin Consortium includes the Kuwaiti Al-Khurafi Group, the Egyptian Raya Holding Company and several other local partners. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
