Telecoms: Kuwait’s Zain approaches Egypt telecom regulator on 4G licence
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.
Zain sent us a letter showing desire to enter the Egyptian market through 4G licences
A senior Egyptian telecommunications ministry official told Reuters 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 August to submit applications for a 4G licence. Communications Minister Yasser al-Kadi said in June that Egypt would offer 4G licences in an international auction if the existing carriers were not interested.
A senior telecoms ministry official said Zain, which operates in eight countries in the Middle East and Africa, had sent a letter expressing its interest. “Zain sent us a letter showing desire to enter the Egyptian market through 4G licences with the set conditions put forward by the government,” the official said, declining to be named.