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Wednesday, 15 June 2016

Paying for 4G licence in USD would be “problematic” – Vodafone Egypt CEO

Paying for a 4G licence in USD would be a “problem,” Vodafone Egypt’s CEO Ahmed Essam told Al Shorouk, as the company does not have access to foreign currency except through borrowing from the banking system. Vodafone Egypt is yet to tap any local banks for funding as the details of the licence and its issuance remain unclear. Essam added that Vodafone Egypt has the technical capabilities to support 4G services and could begin providing them four months after being awarded the licence. Essam told Amwal Al Ghad that the company spent more than EGP 9.5 bn refurbishing its network infrastructure over the past three years.

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