FINANCIAL NEWS

Egypt awards telecom licenses to 2 groups

16 Jul 2010

(MENAFN) Egypt’s telecom regulator has approved two consortia to provide cable, telephone and internet services to residential compounds in Cairo’s fast-growing suburbs and elsewhere, Reuters reported.

The regulator’s top official said one group was led by LinkDotNet and included affiliates of Orascom Telecom, and the other included Vodafone, which runs one of Egypt’s three mobile operators.

The licences had received a lukewarm reception from many telecom firms and some analysts were disappointed by their limited scope and reliance on the infrastructure of landline monopoly Telecom Egypt.

He also said the NTRA had appealed against a court ruling which had blocked its decision to lower the fee Telecom Egypt must pay to mobile operators when fixed-line calls are connected to mobile phones.

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