NTRA has signed the licences for the establishment and operation of the 4G networks, with $535.5m allotted for the establishment and $335m for the operation, with Telecom Egypt (TE) and Orange Egypt. Orange Egypt preceded the two other companies by signing the 4G licences on Thursday for $484m and $11.2m for the fixed-line licenses. Etisalat Misr and Vodafone Egypt then also signed the licences for virtual fixed-lines for $11.2m each later on Thursday. According to a government official who preferred to remain anonymous, total remaining frequencies for 4G licences were 10 MHz after Orange obtained 10 MHz. The telecommunications sector managed to add $1.3bn to the state’s treasury for the value of the 4G licences sold to the three mobile companies.

Source: Daily News Egypt October 16, 2016 14:48 UTC