Egypt’s National Telecom Regulatory Authority (NTRA) has inked a Memorandum of Understanding (MoU) with the Egyptian Competition Authority (ECA) to form a permanent joint committee which will develop a system for regulating free competition in the Egyptian telecom market. Announcing the development in a press release, the Ministry of Communications & Information Technology (MCIT) said the cooperation between the two bodies is designed to synergise their efforts at attracting more investment, while integrating work mechanisms related to regulation and supervision. Further, the pair are aiming to ‘restrain monopolies that may negatively affect the telecom services rendered to citizens’.
According to the MCIT, the joint committee will be responsible for developing frameworks for the cooperation between the two sides and will work to open new markets in the telecoms sector and predict and prevent economic practices leading to monopolies that may have negative effects on the market. Other mandates of the committee that were specifically mentioned include the restricting of new regulations or policies that may adversely affect competition in the sector.