Etisalat Misr paying USD325m for 2600MHz TDD licence after outbidding Orange

9 Nov 2020

Egyptian mobile operator Etisalat Misr has agreed to acquire a 2600MHz TDD mobile broadband spectrum licence with 20MHz bandwidth at a cost of USD325 million, it was confirmed by the National Telecommunications Regulatory Authority (NTRA). Last week, two other Egyptian cellcos, Vodafone and Telecom Egypt, issued statements confirming their new allocations of 2600MHz TDD frequencies under ten-year licences, with Vodafone agreeing to pay USD540 million for a 40MHz spectrum block and Telecom stumping up USD305 million for its 20MHz concession, following a first-stage bidding process completed in October. A fourth operator, Orange Egypt, was outbid for the remaining 20MHz licence by Etisalat in the second stage of the NTRA’s process.