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Monday, 22 August 2016

Zain offers to buy 4G licence, pay in one USD installment

Are you paying attention to this, local MNOs? Kuwaiti telecom operator Zain Group has reportedly submitted an official offer to acquire a 4G licence in Egypt and is ready to pay the full price in USD in a single installment, Al Mal reports. The paper adds that China Telecom and Saudi’s STC have also expressed interest in entering the Egyptian market, but are yet to submit official offers. All offers will be considered, the CIT Ministry said, noting that even if they are not granted network licences, there is scope for the foreign network operators to participate in other projects including developing telecom infrastructure. The government had said previously it will offer 4G licences to international bidders if local MNOs do not bid for them. The extended deadline for MNOs to bid for 4G licences is 22 September.

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