Technology

4G Is Finally Coming to Egypt: Vodafone, Etisalat, and Orange Acquire Licenses

4G Is Finally Coming to Egypt: Vodafone, Etisalat, and Orange Acquire Licenses

4g

Egypt’s mobile operators have all acquired 4G licenses from Egypt’s government, allowing them to offer 4G mobile internet speeds to customers.

According to Egypt’s Minister of Communications and Information Technology Yasser Al-Qady, the sale of 4G licenses generated $US 1.1 billion and EGP 10 billion for the public treasury. The US dollars are coming from abroad and is being considered as direct foreign investment, said the Minister.

On Sunday, Vodafone Egypt and Etisalat Misr secured the 4G licenses after lengthy negotiations with the government. The agreement with Orange Egypt was reached on Saturday.

According to the Telecommunications Ministry, the agreement with Vodafone is valued at $US 335 million, while the agreement with Etisalat is valued at $US 535.5 million. Meanwhile, Orange Egypt acquired the license in an agreement valued at $US 484 million.

In September, Telecom Egypt (TE) became the first operator to sign a deal to acquire the 4G license.

The agreements come after the three operators refused to apply to the National Telecom Regulatory Authority (NTRA) for 4G licenses in September. There had been concerns by the operators over the requirement that the payment be made in US dollars.

The development is significant for millions across Egypt who have been rallying for faster internet speeds.

Importantly, it is a significant step for mobile users. There are more than 100 million mobile subscribers in Egypt, more than the population itself.

A report issued by the Ministry of Communications in November 2014 shows a fair growth in internet access via mobile devices that reached 7.2 percent, with a total number of internet mobile users that reached 20.2 million out of a total 44.5 million internet users in Egypt.

Saudi Arabia Launches $100 Billion Fund for Global Investment in Technology
Meet the Middle East's First 'Halal Betting' Platform

Subscribe to our newsletter


Technology

More in Technology

Egyptian Designer Reimagines Tokyo’s Public Transportation System Yamanote Line

Egyptian StreetsFebruary 7, 2018

Meet the 3 Egyptian Startups that Will Help You Find a Job

Nayrouz TalaatFebruary 6, 2018

First Egyptian-Manufactured Smartphone Ready for Pre-Order

Egyptian StreetsJanuary 2, 2018

Marj3: The Largest Online Platform Offers Opportunities for Youth in MENA Region

Egyptian StreetsDecember 25, 2017

9 Egyptian Startups Participate in the 2017 Global Entrepreneurship Summit in India

Nayrouz TalaatNovember 29, 2017

Cairo Based Breadfast Secures Seed Funding from 500 Startups and Averroes Ventures

Egyptian StreetsNovember 9, 2017

‘Iqraaly’ Platform to Expand its Online Audible Presence on both Android and IOS

Egyptian StreetsNovember 6, 2017

13 Egyptian Businesses Make Forbes’ Top List of Arab Startups

Egyptian StreetsOctober 17, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.