Telefónica Europe business was rebranded to 'O2 Online' which continues in the UK as a mobile communications service provider tied to the O2 UK network. The Genie portal properties were rebranded O2 Active in UK, Germany, Ireland and the Netherlands, and Genie Asia became O2 Asia. O2 Asia became a subsidiary of O2 UK for governance purposes. On 31 October 2005, O2 agreed to be taken over by Telefónica, a Spanish telecommunications company, with a cash offer of £17.7 billion, or £2 per share. According to the merger announcement, O2 retained its name and continued to be based in the United Kingdom,
Ministry of Communications and Information Technology (Egypt) was founded in 2003 according to the Telecommunications Regulation Law as a national authority to administer the telecommunication sector. The scope of NTRA work covers issues related to transparency, open competition, universal service and protection of user rights. NTRA acts as an independent arbiter for ICT sector stakeholders. Information Technology Industry Development Agency The Information Technology Industry Development Agency (ITIDA) was founded in 2004 as an executive IT arm of the Ministry Of Communications and Information Technology. Located in Smart Village, ITIDA is a government entity mandated to boost the development of the Egyptian IT sector and increase its global