Telecom Egypt Expects 5 Million Mobile Customers Within 1 Year
Published on: 31st Mar 2014
Note -- this news article is more than a year old.
Telecom Egypt (TE) expects that it will sign up around 5 million customers to its MVNO service within a year of its launch representing about 15% of its existing landline customer base.
The company is expected to be granted a mobile license to act as an MVNO by the end of June. Quite when it will launch the resultant network is however still unclear.
As a 4% owner of Vodafone Egypt, it is widely expected to use the Vodafone network for the wholesale access. A statement is expected later this week.
"We have around 7m households subscribing to our landline services, with an average of 5 people in every house," Telecom Egypt's General Manger for Investors Relations and Internal Reporting Mohamed Kamal told the Daily News Egypt.
Mohamed Shamroukh, the company's Chief Finance Officer, stated that the company has been negotiating with the National Telecommunications Regulatory Authority (NTRA) and with the mobile operators in the market.
"There's a delay, but we hope that it doesn't exceed July. We have the technical and commercial capabilities that allow us to follow through with what we previously announced through the media, but we're still waiting for the licence," Shamroukh said.
On the web: Daily News Egypt