Eleven bid for GSM licence

05 May 2006
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

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.