Government Didn’t Request EGP2.5bn Unified Licence Dues from Telecom Egypt

Senior sources in Telecom Egypt (TE)(ETAL-CA) revealed that the government did not demanded from TE to pay the dues of obtaining the fourth Unified Licence for mobile phone which valued at EGP2.5 billion.

The Egyptian Information and Communication Technology Ministry including National Telecommunication Regulatory Authority (NTRA) did not address TE since Cabinet announced its approval for the licence from more than one week with the aim of determining the way of payment, Sources asserted.

TE seeks to pay the dues ‘Cash’ against obtaining Unified licence for providing mobile phone services through the available liquidity which exceeded EGP6 billion, the sources ruled out getting banking loans to pay the licence’s value.

Cabinet agreed from few days on the executive measures and the financial terms which have taken by NTRA to apply the regulative frame of Unified Licence.

The price frame of Mobile license without the frequencies which granted to TE valued at EGP2.5 billion and fixed-line license for mobile operators, worth EGP100 million for each company.

 The company is willing to provide the service in fully within 4-7 weeks at most.