Saleh El Abdooli appointed Etisalat’s CEO in Egypt

The announcement of the appointment comes as Etisalat signed the licensing agreement to assume the position of Egypt’s third mobile player behind Mobinil and Vodafone Egypt.

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By  Tawanda Chihota Published  August 21, 2006

Etisalat has appointed Saleh El Abdooli, formerly network development manager for Etisalat in the UAE, as the CEO for the third mobile network in Egypt, in which Etisalat has a 66% stake. The announcement of the appointment comes as Etisalat signed the licensing agreement to assume the position of Egypt’s third mobile player behind Mobinil and Vodafone Egypt. Other shareholders within the consortium are Egypt Post, the National Bank of Egypt and the Commercial International Bank. Etisalat chairman Mohamed Omran signed the licence agreement on behalf of Etisalat, and last month said that once the operator had officially signed the licence agreement, it would be required to make a part-payment of the US$2.9 billion it pledged for the concession, as well as go about selecting a vendor for the deployment of the network. “We floated the vendor tender before we were announced as the winners of the licence,” Omran said. Once Egypt’s regulator, the NTRA sets network operation frequencies, network equipment and devices commissioning is expected to take 4-8 weeks. Squashing rumours that began circulating late last month that Etisalat was looking to sell a 15% stake in the Egyptian consortium to a third party, Omran confirmed that Etisalat had indeed received several offers but stated that the operator has no intention of selling any of its shares at this time. Any subscriber with a mobile line starting with the code (011) will be able to make phone calls and use all services available on the Etisalat’s Egyptian network upon launching during the first quarter of next year.

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