MobiNil pays USD599m for 3G concession

19 Jul 2007

Egyptian cellco MobiNil has paid EGP3.4 billion (USD599 million) for a 3G licence from the Communications Ministry. The ministry said in a statement that Mobilnil would be able to pay the fees in instalments, as rival Vodafone Egypt did when it acquired a licence in January for EGP3.34 billion. MobiNil Chief Executive Alex Shalaby said in June that his firm had witnessed strong growth in the previous six months and would outgrow its allocated 2G spectrum sooner than was previously expected.

The Communications Ministry also said it had agreed to sell all three mobile operators international long-distance licenses, ending the requirement to route international calls through Telecom Egypt. Minister Tarek Kamel told Reuters in March the government had estimated it could raise between USD500 million to USD600 million over the next two to three years from selling such licenses.

Egypt, Orange Egypt