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Monday, 26 September 2016

TE to bid for additional 4G spectrum

TE WANTS EXTRA 4G SPECTRUM: Telecom Egypt (TE) has submitted a bid formally to acquire the additional 4G spectra available after Vodafone Egypt, Orange Egypt and Etisalat Misr refused to bid for them, Al Mal reported. TE had acquired 15 frequency bands and there were 25 more available to other bidders. Chairman Maged Othman also added that TE’s stake in Vodafone Egypt does not create a conflict of interest as the company did not bid for a 4G licence.

Kuwait’s Zain is still interested in entering the Egyptian market, despite the “negative signs” from Egyptian MNOs having not bid for 4G licences, sources told Al Arabiya. Representatives from Zain will travel to Egypt “soon,” Al Arabiya adds, without providing further details.

The board of the National Telecommunications Regulatory Authority will meet early next month to decide whether to grant TE additional frequencies or sell them off to international companies, a senior government source tells Al Borsa.

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