Egypt to offer two triple-play licences
October 1, 2009
By Alastair Sharp and Maha El Dahan Cairo
Egypt will invite bids for two licences for "triple-play" cable, telephone and internet services and expects to draw investment of $1 billion (about R7.3bn) within five years, the Communications Minister, Tarek Kamel, said yesterday.
The addition of triple-play operators would increase competition in Egypt's telecoms sector and could open the way to breaking state-owned Telecom Egypt's fixed-line monopoly in the country.
Kamel said yesterday: "This (tender) announcement will be issued formally tomorrow in the newspapers and will invite two players, two consortiums from local and international players, to invest in integrated triple-play and in the future maybe quadruple-play telecommunication services."
Bids would be due in January and the operators would start work in the second half of next year. They would be asked to share 8 percent of their revenue with the government. - Reuters
|
|
