Egyptian cellcos Egyptian Company for Mobile Services (MobiNil) and Vodafone Egypt have reportedly been offered the option of renewing their respective concessions through to 2031 at a cost of EGP1 billion (USD140.8 million) each. According to Ahram Online, which cites a statement sent to the Egyptian stock exchange by MobiNil confirming the offer of a longer term for its licence, the cellco is currently studying the draft proposal.
As previously reported by CommsUpdate, last month the Egyptian authorities approved a new unified telecoms licence regime under which fixed line incumbent Telecom Egypt is allowed to enter the wireless market under its own steam, subject to paying a EGP2.5 billion fee. All three of the countries mobile network operators, meanwhile, now have the option of paying EGP100 million to upgrade to a unified concession under which they would be allowed to offer services over TE’s fixed infrastructure. As such, it is understood that should MobiNil or Vodafone Egypt opt to pay to prolong their existing licences, this extension would cover all areas of operation, including mobile, and fixed, should either upgrade to a unified concession.