Egypt to Set Price for 4th Mobile License by Second Half of Year
Published on: 11th Feb 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Egypt's telecoms regulator is to set the final price for the country's fourth mobile license by the second half of this year.
Amr Badawi, CEO of the National Telecommunications Regulatory Authority (NTRA), made the announcement at a press conference last Thursday.
The license is being allocated automatically to Telecom Egypt as part of a wide-ranging review that will see the incumbent mobile networks permitted to resell landline services provided by the state-owned telco.
The fate of Telecom Egypt's 45% stake in Vodafone Egypt is still being debated. There has been concern that a sale could affect the landline monopoly's profits though, which are heavily dependent on its Vodafone shares.
On the web: Ahram Online