Egypt has prepared the wireless frequencies needed for telecommunications companies in the country to deliver 4G mobile broadband networks. "We are now ready to hand over 4G mobile frequencies to any company that is ready ... we are waiting for companies to finish preparations to receive the frequencies," communications minister Yasser al-Kadi told Reuters.
Last year, 4G licences were acquired by three companies, namely Vodafone Egypt , Orange and Etisalat. The incumbent operator, Telecom Egypt earlier shared its plans to launch 4G services within a year of obtaining frequencies.
The Egyptian telecom sector managed to raise $1.1 billion, through the 4G licensing, in addition to 10 billion Egyptian pounds ($1.13 billion)for the state budget.