Telecom Egypt to hike prices ahead of competition

20 Nov 2006

Telecom Egypt (TE) is to increase the cost of domestic fixed line calls, according to Reuters citing TE Chairman Akil Beshir. The National Telecommunications Regulatory Authority (NTRA) has apparently given the operator permission for the price rise to help offset some of the company’s lost revenue ahead of the planned licensing of its first competitors in the international calls market. TE’s monopoly on the local, domestic long-distance and international voice telephony sectors was removed on 31 December 2005, but it remains the only licensed operator in all three markets.

Egypt, Telecom Egypt