Egypt approves unified landline and mobile telecoms licence

Reuters, Wednesday 3 Sep 2014

Egypt's government approved on Wednesday a long-awaited plan to issue a unified landline and mobile telecoms licence, opening the way for fixed-line monopoly Telecom Egypt to offer mobile phone services.

The licence was due to be activated on 30 June but the date passed without implementation. In May, Telecom Egypt agreed to pay LE2.5 billion ($350 million) for a mobile licence but has been waiting for the details to be finalised.

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