Vodafone Egypt and Etisalat Misr have signed licence deals allowing them to operate fourth-generation (4G) mobile services in Egypt, the country's telecoms regulator said on Sunday. Vodafone Egypt agreed to pay $335 million in a deal signed late on Saturday, the regulator said. Etisalat Misr, the Egyptian unit of Etisalat, also signed a deal late on Saturday, and will pay $535.5 million. An official from Etisalat Misr said his firm would also receive 10 Megahertz of additional spectrum after the deal. Both Etisalat Misr and Vodafone also agreed on fixed line phone service licences for $11.26 million each, the regulator said.

Source: Egypt Independent October 16, 2016 09:33 UTC