Eleven consortia on 4 May submitted bids for the country's third GSM licence to the National Telecommunications Regulatory Authority (NTRA). Incumbent fixed-line operator Telecom Egypt is among the bidders for the licence, having submitted an offer in partnership with Telecom Italia (MEED 7:4:06).
Under the NTRA's terms, the successful bidder will be required to make an upfront payment of at least £E 2,500 million ($437 million) and will also agree to a 3 per cent revenue share a year. The NTRA has also stipulated that bidders must have a minimum turnover of $1,000 million and have a subscriber base of at least 5 million.Evaluation of technical bids is expected to take up two months and will be followed by the submission of financial proposals from technically qualified consortia.www.meed.com/telecomsit
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