Etisalat Misr has won a bid for 20 MHz of bandwidth offered from the National Telecommunications Authority (NTRA), edging out Orange Egypt, which also bid in the auction, Youm7 reports, citing sources with knowledge of the matter.
The bandwidth, which was offered by the authority for at least $150 million per 10-MHz band, will be owned by Etisalat for the next 10 years, the sources said.
Results of the auction will be officially announced by the NTRA once they are approved by the authority’s board.
Both mobile network operators has turned down an auction last month which saw Vodafone Egypt and Telecom Egypt’s WE bid on 40 MHz of bandwidth for USD 600 mn and another 20 MHz for $ 300 mn.
The results of the first sale have not yet been announced. Mobile network operators in Egypt have repeatedly asked the NTRA to provide access to more spectrum since 2017 when the regulator first launched 4G in the country
