Egypt: Fourth Mobile License to Be Proposed At Le 2.5 Billion

The government has proposed a license for the fourth mobile communications company, state-owned Telecom Egypt, at LE2.5 billion, and will offer licenses for landline phones to mobile companies at LE100 million for each operator.

Telecommunications Minister Atef Helmy said in a press conference on Wednesday 2/4/2014 that the government also approved proposing licenses to construct and rent infrastructure at LE300 million.

Telecom Egypt, the only land-line operator, seeks to enter the mobile phone space through a fourth license.

It is noteworthy that three other mobile carriers operating in Egypt are Egyptian Mobinil, the Emirati Etisalat and the British Vodafone.

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