Telecom Egypt board gives preliminary approval for 4G licence acquisition

1 Aug 2016

Telecom Egypt (TE) has announced that its board has tentatively approved plans to acquire a 4G mobile concession, Reuters reports, citing a statement made by the company on the Egyptian stock exchange website. TE’s board of directors is said to have given its preliminary approval on 28 July, with a full study of the 4G licence plan to now be presented to the investment committee. Commenting on the matter, an unnamed TE official was cited as saying: ‘Telecom Egypt will provide the service within a year of obtaining the license due to its need for experts to run mobile services, prepare networks and work on agreements.’

Egypt, Telecom Egypt