CAIRO: The Ministry of Telecommunication and Information Technology is set to grant the state-owned company Telecom Egypt (TE) a license to run its new mobile operator in return for 2.5billion EGP (U.S. $359million) on Wednesday, an inside source told Anadolu News Agency.
The source, who refuses to mention his name, said the Ministry of Telecommunications will also announce the details of the unified license that allow the Egypt’s three mobile operators, Vodafone, Etisalat and Mobinil, to run the landline and internet services.
Meanwhile, Egypt’s three mobile operators have threatened to resort to international arbitration to stop the unfair deal, as the state owned company TE already dominates 45 percent of Vodafone Egypt’s shares, holds a full monopoly over landlines, and controls 62 percent of internet services.
However, despite the hostility towards the unified license, the Cabinet, headed by Ibrahim Mahlab, approved the unified license for running mobile, landline and internet services, Moheet news stated March 23.
As a step to prevent Egypt’s mobile operators from resorting to international arbitration, the National Telecommunication Regulatory Authority (NTRA) obliges TE, in the case of obtaining a license to run its mobile operator, to disassociate from Vodafone Egypt within two months of getting the license, Hisham al-Alaily, head of NTRA, previously told Anadolu News Agency.