Egypt is stepping into the 4G revolution with various players receiving offers from the country’s telecommunications regulator.
Orange Egypt revealed that the regulator has set the price at 3.54 billion Egyptian pounds ($399 million) for a 4G license. It was also asked to pay 100 million Egyptian pounds to acquire a fixed-line license and 1.8 billion pounds to offer international calls, Orange Egypt said in a statement. Orange Egypt hasn’t made any decisions yet.
However, the price and terms could vary from one operator to another, according to Khaled Hegazi, external affairs and legal director at Vodafone Egypt. “Each company has specific conditions that are considered competitive. We receive different offers based on each company’s condition in the market,” he told Reuters.
The regulator confirmed that it approached three companies that currently offer mobile services to buy 4G licenses. Also, the regulator is aiming only for the companies already operating in Egypt to buy the license, meaning the international markets currently have zero opportunity left in the country.
The new moves by the regulator will end the monopoly of Telecom Egypt (TE). TE can enter mobile phone market and mobile operators can offer fixed line services.
According to TE, it had also been granted a 4G license. However, the price at which it accepted the offer is not revealed. “This move will enable TE to fulfil our long awaited goal of becoming a total telecommunications operator, by offering mobile services,” TE CEO Tamer Gadalla said in a statement.
Vodafone Egypt is another operator, which confirmed about receving the offer from the telecom regulator, but declined to provide any numbers. The status of Etisalat is not known.