Etisalat Misr Signs 4G License Deal

The National Telecom Regulatory Authority (NTRA) signed, last night, with Etisalat Misr the licenses of establishing and operating the Fourth Generation (4G) mobile networks worth $ 535.5 million, as well as the license to offer virtual fixed-lines services worth $ 11.262 million. The signing ceremony took place at NTRA Smart Village premises, in the presence of the Minister of Communications and Information Technology Yasser ElKady, NTRA officials and Etisalat Misr senior officials. Etisalat Misr total frequencies is 40 MHz.

The new licenses will allow Etisalat Misr to provide 4G and virtual fixed lines services, thereby providing distinct and integrated services to its customers. 4G technology for mobile services will significantly contribute to increasing Internet speeds, improving the quality of the current service and introducing new services. The entry of Etisalat Misr as a new operator of the virtual fixed-line phone services will increase healthy competition, and help in benefiting citizens in terms of quality of services and prices provided. This is in addition to providing revenues to the State’s public treasury and creating new jobs.

Licenses were signed by NTRA Acting Executive President Mustafa Abdul Wahid, and the CEO of Etisalat Misr Hazem Metwally.

Source: Ministry of Communications and Information Technology.