Telecom shares pull Egypt's main index higher ahead of an Orascom Telecom Media and Technology (OTMT) meeting on Thursday, when shareholders will be asked to vote on the sale of most of the company's stake in Mobinil.
OTMT's shareholders are almost certain to approve the deal to sell its Mobinil stake to France Telecom for 202.5 Egyptian pounds ($33.57) per share, a premium over the market price.
The shareholders meeting is scheduled to begin at 1400 GMT,
an OTMT spokesperson said.
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