Egypt suspends sale of Telecom Egypt stake -sources

Egypt's government has decided to suspend the sale of a stake in state-controlled Telecom Egypt because of market conditions, three sources close to the matter said.

Telecom Egypt said on March 7 that the government had started to consider a sale of an additional stake in the company. Sources had previously told Reuters the company was seeking to sell a 10% stake.

Government officials declined to comment and Telecom Egypt officials were not immediately available for comment.