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Banking

Vodafone Egypt plans to acquire 3G license.

Vodafone Egypt plans to acquire 3G license. Vodafone Egypt ’s Chief Executive Ian Gray, while speaking at a meeting of, investors and analysts, informed that the company is evaluating acquiring a 3G license in Egypt . Gray said that there are over 600,000 3G compatible mobile handsets being used in Egypt which offers a large and growing market. Egypt ’s National Telecommunications Regulatory Authority (NTRA) has earlier announced that it would charge any other operator, wishing to upgrade their 2G license, to 3G license, an amount equivalent to 20% of the bid price paid by Egypt ’s recent and third mobile licensee. In Jul 2006 Egypt licensed Etisalat of the UAE a license to offer 2G and 3G services at a price of EGP 16.7bn.

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