Telecom Egypt set to receive 4G mobile license next year: minister

Reuters News
Posted: Jul 01, 2015 3:26 AM

CAIRO (Reuters) - Telecom Egypt, the country's landline monopoly, is expected to acquire a 4G mobile license next year, Egypt's telecoms minister said on Wednesday.

The government approved the unified license last year, opening the way for Telecom Egypt to offer mobile services in competition with Vodafone Egypt, Etisalat and Mobinil, but implementation has been delayed repeatedly.

The company's former CEO told Reuters in May that he hoped to acquire the new 4G license this year.

The license also allows mobile companies to enter the landline market.

"It is expected ... that the license will be given to the company during 2016," telecoms minister Khaled Ali Negm said in a statement.

(Reporting By Mahmoud Mourad; Editing by Yara Bayoumy and David Goodman)