Cairo – Mubasher: MM Group for Industry and International Trade on Thursday said it signed a contract with Huawei Consumer Business Group, to be one of its main mobile phone distributors in the Egyptian market.
Adding Huawei to our client portfolio will increase MM Group’s sales and market share in the mobile phone market in Egypt, said chairman Khaled Jamal Mahmoud, according to a statement to the Egyptian Exchange (EGX).
Meanwhile, the mobile phone manufacturer, one of Huawei's three business groups, said that the new deal will help increase its share in the Egyptian market.
MM Group’s profits grew 58.8% to reach EGP 353.15 million in 2016, compared to EGP 222.34 million in 2015.
