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Sunday, 8 May 2016

4G licenses in two months (don’t hold your breath), could generate around EGP 8 bn for the state, Noor ADSL wants in

4G LTE licenses will be up for auction in about two months’ time, said ICT Minister Yasser Al Qady. The National Telecommunications Regulatory Authority is expected to hold a meeting today to officially set the price for the licenses and draw-up the regulations for them, as we noted last week. The LTE licenses will cost telecom operators EGP 2 bn each, a source told Al Mal. In total, the state expects to generate EGP 8 bn from issuing 4G licenses to the three mobile operators as well as Telecom Egypt. Separately, Noor ADSL says it is looking to bid for the 4G licenses, according to its CEO, who says there is no reason why the ISP cannot bid for it. He also added that Noor has all the technical capabilities to provide the service, according to Al Borsa.

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