The National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country’s first license to install and operate 5G networks for mobile phones for USD 150 Million. The 5G license will be valid for 15 years.
Recognizing the significance of staying up to date on global technology trends, Telecom Egypt has taken this initiative to accelerate the nation's digitalization process. This move aims to catalyze the growth of diverse industries, ultimately benefiting the entire economy and enhancing Egypt’s international ranking in the ICT sector.
5G technology is set to deliver lower latency, higher capacity, and increased bandwidth, enhancing the overall customer experience through seamless connectivity, especially during periods of usage spikes. Additionally, businesses will have the capability to more effectively analyze large volumes of data, thereby improving efficiency and scalability.
Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, noted: “We are delighted that Telecom Egypt has been awarded the first 5G license in Egypt. 5G is the backbone of future technology development, and when combined with other technologies, e.g., fiber optic technologies, will revolutionize our everyday lives and transform the way businesses perform. Being the first company to receive this license also reinforces the strength of our infrastructure and our ability to provide the best service in the market. Our capital expenditure over the past few years is bearing fruit. We plan to leverage our licenses to our advantage to enhance the customer experience and fulfill the expectations of both consumers and businesses while maximizing shareholder value.”
