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Wednesday, 2 November 2016

Vodafone makes decision on international gateway license in two months -CEO

Vodafone Egypt will decide within two months whether it’s bidding for an international gateway license, CEO Stefano Gastaut told a press conference, Al Mal reported. The NTRA gave the Vodafone and Orange six months to sign the agreement at a cost of EGP 1.8 bn each, to be paid for in USD, from the date of acquiring the 4G license. Vodafone also said it is currently testing the 4G system and will launch it to the public “soon,” denying that the limited spectrum it acquired would affect 4G services it is preparing to provide, he told Al Mal. Gastaut says the company has overcome FX issues hindering its ability to conduct maintenance and import equipment by resorting to the parent company for provide USD, or complete transactions with Ericsson and Huawei, Al Mal added. The company will “soon” announce when 4G services will launch, Gastaut added, according to Al Shorouk.

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