The Egyptian government is planning to issue licenses for the operation of fifth-generation (5G) mobile communication networks in December, according to sources familiar with the matter.
The licenses are expected to cost at least $500 million each. However, the government may extend the deadline for issuing the licenses to early 2024 if telecom operators need more time to secure financing.
In addition, telecom operators have requested that the National Telecommunications Regulatory Authority (NTRA) approve a price increase for their services. The operators say that this is necessary to encourage them to obtain the 5G licenses.
The country has four major players — Orange, Vodafone, Etisalat, and Telecom Egypt — all of which are expected to bid. However, according to the Ashraq Business news service, operators in Egypt have recently asked the NTRA to permit an increase in service prices by up to 30% as profit margins continue to shrink due to rising inflation.
The NTRA is expected to make a decision on the price increase request soon.
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