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Telenor has no Africa growth plan after Egypt - Daily News Egypt

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Telenor has no Africa growth plan after Egypt

OSLO: Norway s largest telecoms group Telenor is not looking to expand into other African countries despite submitting a bid for a mobile license in Egypt, Chief Executive Jon Fredrik Baksaas said on Thursday. Many years ago we gave it a try for South Africa and we were not successful, Baksaas said at a presentation …


OSLO: Norway s largest telecoms group Telenor is not looking to expand into other African countries despite submitting a bid for a mobile license in Egypt, Chief Executive Jon Fredrik Baksaas said on Thursday. Many years ago we gave it a try for South Africa and we were not successful, Baksaas said at a presentation of the company s first-quarter results. We have not been looking at other areas in Africa. We are looking at it a little differently in Egypt because of the size of the economy and because of the structure of the mobile market, Baksaas said. Telenor has achieved growth through mobile licenses in Eastern Europe and Asia. Reuters

Topics: FJP

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