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.