Egypt’s Raya Technology and Communication has revealed that it is no longer interested in the two geographically-restricted triple-play concessions that are to be auctioned by the National Telecom Regulatory Authority (NTRA) later this year. According to Reuters, Medhat Khalil, chairman of Raya, confirmed that the company, which sells mobile handsets, runs call centres and provides outsourced IT services, had withdrawn from the bidding. Khalil claimed that Raya would not make sufficient profit should it acquire one of the licences up for grabs, with the executive citing the restrictive conditions that the concessions carry.
As previously reported by CommsUpdate, in October 2009 the NTRA unveiled plans to offer the two triple-play licences, which will allow the winning bidders to sell 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 was initially set as 12 January 2010, but following requests from interested parties for more time to formulate offers it was subsequently pushed back to 15 April.