Egypt expects to generate investment of up to USD1 billion over a five-year period as it revealed plans to invite bids for two triple-play licences, the Associated Press is reporting. Tarek Kamel, Egypt’s minister of communications and information technology, unveiled the proposals, which will see Egypt offer two concessions allowing the sale of fixed line voice, high speed broadband and pay-TV services in upscale suburbs outside the capital which contain between 50 and 5,000 housing units; provision of these services outside these areas will remain restricted. The bidding deadline for the licences has been set as 12 January 2010, although the government does not expect to make a decision until the second half of 2010. The successful bidders will not be required to make an upfront payment for the concessions, but instead they will be offered on a revenue-sharing basis, under which the state will take 8% of the new operators’ revenues. Kamel noted that the decision not to require an initial payment for the licence was spurred by a desire to attract interested foreign companies in the difficult global economic conditions.