Egypt Offers Additional Telecoms Licenses to Incumbents
Published on: 20th Jun 2016
Note -- this news article is more than a year old.
Two of Egypt's telecoms operators have been offered additional licenses to expand their services.
The state-owned Telecom Egypt has been granted the long anticipated license to launch 4G phone services. The company said in a statement that it had been granted the license, but did not elaborate on the details.
The company is currently the monopoly landline operator in the country, and is 80 percent owned by the government. It also owns a 44.95 percent stake in Vodafone Egypt, and it is widely expected that it will be required to sell that stake to avoid conflicts of interest.
Meanwhile, Orange Egypt says that it has been offered a 4G mobile license if it makes a down payment of EGP3.54 billion (US$399 million), of which half has to be paid in US Dollars, not the local Egyptian Pound.
The company was also offered a landline license and an international traffic license for EGP1.8 billion.
The country's other two mobile networks, Vodafone and Etisalat have yet to make a statement about any license offers they might have received.