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Raya To Bid For Triple-Play License
Published Oct 27, 2009
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Raya said it will bid for one of the two licenses offered by the National Telecommunications Regulatory Authority (NTRA) to provide integrated telecommunications services in closed residential compounds.
The deadline for bidding for the new licenses was set for Jan. 12, with interested bidders being Orascom Telecom Holding (OT) and Emirates Telecommunications Corporation (Etisalat).
The Minister of telecoms and IT declared previously that the NTRA would offer two triple play licenses for telecommunications companies to compete with Telecom Egypt in closed residential compounds, which include housing of up to 5,000 units, with investments of up to $1.0 billion in the next five years.
The new licenses will be based on an annual revenue sharing of 8 percent (that would go to the government) and not on upfront payments.
Posted by
VMD - [Virtual Marketing Department]
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