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Telecom Egypt nears deal on mobile fees: report.

CAIRO: Egypt's fixed-line telephone monopoly Telecom Egypt Telecom Egypt or Telecom Egypt SAE (TE) (LSE: TEEG), is Egypt’s main Telephone company. It started in 1854 with the first telegraph line in Egypt. In 1998 it replaced the former Arab Republic of Egypt National Telecommunication Organization (ARENTO).  (TE) is finalizing a deal to resolve a two-year dispute over interconnection in·ter·con·nect  
v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects

v.intr.
To be connected with each other: The two buildings interconnect.

v.tr.
 fees with two Egyptian mobile operators, a newspaper reported on Monday.

Under the agreement, TE would charge mobile operators Mobinil and Vodafone Egypt Vodafone Egypt, part of the UK's Vodafone Group, is a mobile phone company in Egypt, formerly known as Click GSM. Vodafone Launched it's 3G Broadband (also known as 3.  LE 0.07 ($0.01) per minute for calls from land lines to mobiles, TE chief executive Tarek Tantawy told the business daily Al-Alam Al-Youm.

Also as part of the deal, Mobile companies would pay TE LE 0.115 for calls from mobile telephones to land lines, Tantawy said. "Implementation of the new agreement should take place within weeks," he said.

TE officials were not available for comment.

The two mobile operators, which have been seeking a higher tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic  for fixed-to-mobile calls, have both appealed against interconnection rates set last year by Egypt's telecoms regulator regulator,
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Daily NewsEgypt 2009

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Publication:Daily News Egypt (Egypt)
Date:Sep 14, 2009
Words:151
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