Telecoms: Kuwait’s Zain to meet Egyptian minister over 4G license
The official also said Saudi Telecom, China Telecom and another European firm had expressed interest in the 4G license.
“Zain’s Chief Executive Officer, Chief Financial Officer … will arrive in Cairo today to meet with the Minister of Communications and officials from the National Telecom Regulator tomorrow to discuss conditions and details of the 4G licenses,” he said.
Kuwait’s Zain has communicated to Egypt’s telecommunications regulator its preliminary interest in obtaining a fourth-generation (4G) licence, the operator said in a bourse filing on Monday.
Zain “is studying a number of investment opportunities available in the region, one of which is the Egyptian telecommunications market as a strategic market in the Middle East and Africa”, the company said, adding that it had made the approach through one of its subsidiaries.
A senior Egyptian telecommunications ministry official said on Sunday that Zain had expressed interest in applying for a 4G licence. Sales of such licences are part of the country’s long-awaited plan to reform its telecommunications sector.
The sale of 4G licences is part of Egypt’s long-awaited plan to reform the telecoms sector. Its telecoms regulator has approached the three current mobile service providers, Orange Egypt, Vodafone Egypt, and Etisalat, about potentially buying 4G licences. The current operators have until the first week of … continue reading