Telecom Egypt today announced that the Egyptian regulatory authorities have approved the proposed amendments to Article 3 of its Articles of Association. This follows the proposed amendments by TE's Board of Directors on the 12th February 2014. The amendments are being proposed in line with required changes to the administrative managing and operating of the company, in order for TE to continue in its efforts to shift toward becoming a fully integrated telecoms operator. The proposed amendments are now subject to: Shareholder approval at an Extraordinary General Assembly, to be convened shortly; and Ratification of the amendments by the Egyptian General Authority for Investment, to be obtained following the shareholder's approval. Source:Arab Finance
