The NTRA’s head, Egypt’s Nationwide Telecommunications Regulatory Authority (NTRA) is working on growing the costs of telecom companies within the coming interval—a choice that NTRA’s head, Mohamed Shamroukh, deemed “essential.”
“We’re presently engaged on growing the costs of telecom companies following the rise in power costs, which has raised the operational prices for firms within the sector,” Shamroukh acknowledged, noting that elevating the costs of telecom companies is important to make sure that they’re delivered in a method that meets the wants and expectations of residents.
For months, cell operators in Egypt have been urging the NTRA to approve service value will increase in response to rising gas prices and the devaluation of the Egyptian pound. Some firms have steered that securing approval to extend costs may have an effect on their means to put money into 5G know-how.
Regardless of these monetary pressures, cell operators in Egypt earned licenses for 5G companies, which enhance web connectivity, velocity, and capability, and Egypt secured round USD 675 million (EGP 32.7 billion) from the sale of those licenses, in accordance to a press release made by Egypt’s Minister of Communications, Amr Talaat, on 7 October.
The licenses had been acquired by Egypt’s 4 main cell operators, together with Vodafone Egypt, which is owned by South Africa’s Vodacom Group, and Orange Egypt, a subsidiary of France’s Orange Group. Etisalat Egypt, a part of the UAE-based &e Group, previously Etisalat Group, additionally secured a license, as did the state-owned Telecom Egypt, which notably holds a forty five % stake in Vodafone Egypt.
Along with 5G companies, “eSIM companies might be launched within the Egyptian market inside a month, and Wi-Fi calling companies might be accessible earlier than the tip of 2024,” Shamroukh advised Asharq Enterprise.