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FINANCIAL NEWS
Egypt Vodafone, Etisalat request 4G licenses service
16 Oct 2016
(MENAFN) Vodafone Egypt and Etisalat have requested 4G mobile phone service licenses in the country.
Furthermore, the country is selling 4G licenses as part of a long-awaited plan to reform the telecoms sector and raise money for government finances.
Meanwhile, Orange Egypt signed a license agreement, paying USD484mn and receiving 10 megahertz of spectrum instead of the 7.5 initially on offer.
On the other hand, Telecom Egypt was the only firm to take up the original offer, buying a 4G license for USD797mn to enter the mobile market for the first time.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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