TE lands new frequencies: Telecom Egypt will pay USD 125 mn to acquire 5 MHz of new bandwidth in the 1800-MHz frequency band, after the National Telecommunications Regulatory Authority accepted the company’s bid, TE said in a statement (pdf) yesterday. The new bandwidth will help the state-owned operator provide faster service and support heavier traffic, it said.

TE’s last band acquisition was almost three years ago, when it acquired two 10-MHz bands for USD 305 mn in 2020.

EIB is helping the company scale its network: TE last year secured an EUR 150 mn loan from the European Investment Bank (EIB) to expand its 4G broadband network — deploying around 2k new mobile sites and upping its cellular tower capacity.

ETISALAT EGYPT TO SHORE UP ITS NETWORK?

CIB is lending Etisalat Egypt EGP 4 bn to invest in its tech infrastructure, according to a press release (pdf) from the telecom operator. The CEO of the network operator did not say in the statement how the company plans to deploy the funds.