Egypt’s Telecom Regulator to Implement ‘Broadband’ With $2.8 bln By 2014

The National Telecommunication Regulatory Authority (NTRA), is planning to implement the first phase of the ‘broadband strategy’ worth $ 2.8 billion within two months to begin the actual implementation during the first quarter of 2014.

Eng. Hisham Al-Alayli, CEO of NTRA has asserted that the pilot phase of the strategy will be offered before the end of this month with cost EGP 300 million, pointing out that the first phase will take about three years.

Al-Alayli has emphasized that the strategy is providing more than 11 K  direct job opportunities, noting that every raise is 10% in telecom sector and 1.3% growth of the total national income.

It is expected that the first phase will achieve EGP 20 billion revenues within four years.

It is worth mentioning that Eng. Atef Helmy, Egyptian Telecom Minister said the expected investments of the ministry are ranging from EGP 2 to 3 billion and the telecom sector will bear the rest value which is 80%.