Fixed line incumbent Telecom Egypt (TE) has announced that it has received official word from the National Telecom Regulatory Authority (NTRA) confirming that it has been granted a 4G mobile concession. According to the telco, the terms of its new license ‘relate to new 4G spectrum and allow [it] to operate in all aspects of the Egyptian mobile market, thereby better meeting the evolving needs of its customers’. The full terms and conditions of the concession are yet to be finalised, with the NTRA saying it will do so by the first week of August 2016. As such, TE noted that the full terms of its 4G licence cannot yet be disclosed. Commenting on the development, Tamer Gadalla, Managing Director and Chief Executive Officer of Telecom Egypt, was cited as saying: ‘Telecom Egypt is excited at having received official confirmation of the licence award. We have been striving to keep up with the aspirations of our customers to have single bundled service. This move will enable TE to fulfil our long awaited goal of becoming a total telecommunications operator, by offering mobile services.’
In separate but related news, Orange Egypt has been offered a 4G licence for EGP3.54 billion (USD395 million), according to Reuters, while the cellco has also been asked to pay EGP100 million for a fixed line concession and a further EGP1.8 billion to offer international calls. Orange was cited as saying it would look into the offer of these licences and make a decision on whether to move forward with acquiring any, or indeed all, of them.