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Egypt: Government to sell a second fixed-line license |
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Monday, 25 February 2008 |
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The National Telecom Regulatory Authority (NTRA), Egypt's telecommunications regulator, will auction a second fixed-line license on June 19. Telecom Egypt is the country’s sole fixed-line operator.
An NTRA announcement said that interested parties would be required to pay US$ 10,000 to obtain auction details beginning March 13. Companies planning to bid would be required to provide an auction guarantee of US$ 1.8 million.
Etisalat Egypt, a unit of the Emirates Telecommunications Corp, says it would bid for the license. Etisalat led a consortium that paid US$ 2.9 billion to become Egypt's third mobile operator in 2006. Orascom Telecom and Egyptian Post have also said they would bid for the license.
Egypt's Raya Technology and Communication said in December it was considering bidding for the license through an alliance with an international operator. Raya works in mobile phone distribution, IT services and call centres business. Source: Reuters - WDR/Intelecon Regulatory News.
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