Telecom Egypt secures new 1800MHz spectrum package
February 2nd 2023
Telecom Egypt has announced that the National Telecom Regulatory Authority (NTRA) has accepted its financial and technical offer to obtain an additional 5MHz of FDD spectrum in the 1800MHz band. In a press release regarding the development, the operator said that its new spectrum allocation – which is valid for ten years – had been ‘competitively priced’ at USD125 million, when compared with the 2600MHz frequencies it was awarded in late 2020.
According to Telecom Egypt, it views its latest spectrum purchases as ‘a strategic move to support heavier traffic from a growing customer base while cost-effectively improving service speed and quality’. The additional spectrum will be used to boost voice and data service quality, while also increasing network coverage around the country. The company has also said it expects its subscribers to be able to benefit immediately, as it claims to be technically ready to utilise its new frequencies.
Commenting, Telecom Egypt’s CEO and Managing Director, Adel Hamed, said: ‘We are delighted that Telecom Egypt’s request for more spectrum has been accepted. Together with our current spectrum packages, this additional package will enable us to continue providing competitive, highly efficient connectivity while accommodating for the rapid expansion of our mobile customer base. We intend to leverage our licenses to deliver value that meets the aspirations of both businesses and consumers, while also providing cost efficiencies for the company and maximising shareholder value.’
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