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Egypt To Offer Two Triple-Play Licences
Published Oct 1, 2009
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Egypt will invite bids for two licences for "triple play" cable, telephone and internet services, and expects to draw investment of $1 billion within five years, the communications minister said.
The addition of triple play operators to the market would open the way to break state owned Telecom Egypt's fixed line monopoly.
Three other operators provide mobile services in the Arab world's most populous country.
"This announcement will be issued formally(Thursday) in the newspapers and will invite two players, two consortiums from local and international players, to invest in integrated triple play and in the future maybe quadruple play telecommunication services," Tarek Kamel said.
"Our expectation is that this will attract within the next five years $1 billion of investments," he told an economic conference in Cairo.
"We are announcing that the National Telecommunications Regulatory Authority board has approved to tender two licences for private sector in addition to Telecom Egypt," he said.
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