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Etisalat Misr, the Egyptian phone company controlled by Emirates Telecommunications Corp., is in talks with banks about what may be the country's largest initial public offering in almost five years, according to three people with knowledge of the matter. Etisalat Misr, 66 percent owned by the Abu Dhabi company known as Etisalat, has asked banks for proposals to manage the share sale, the sources said. Etisalat Misr had revenue of 1.2 billion UAE dirhams ($327 million) in the second quarter, an increase of 5 percent over the same period last year, according to parent company Etisalat's financial statements.
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