Egypt is considering auctioning it’s 4G licences to international companies after all three telcos operating in the country — Vodafone Egypt, Orange Egypt and Etisalat — chose not to acquire a 4G licence after finding the terms unfavorable.
Telecom Egypt is the only telecom operator that agreed to the terms of the licence buying for 7.08 billion Egyptian pounds ($797 million) last month, prompting Egypt’s telecom regulator to consider an international auction of the licences in light of the rejections.
Kuwait’s Zain, China Telecom, Saudi Telecom and Lebara KSA have all expressed interest in Egypt’s market.
The country’s three existing mobile phone operators all turned down the licences saying the amount of spectrum on offer was not sufficient to allow them to offer 4G services efficiently.
Telecom Egypt, the state fixed-line monopoly, also said on Monday that it was considering buying more spectrum, weeks
“Telecom Egypt has presented a request to the National Telecom Regulatory Authority to understand the terms and conditions related to any other spectrum on offer so it can be studied and evaluated” it said in a statement on the stock exchange website.