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Egypt’s national telco company, Telecom Egypt will be paying 6 percent of the revenue to the regulator from its MVNO.
This will cater for part of the license fee payment; of course after they have paid the initial LE2.5 billion ($3.6 million)MVNO license fee.
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Telecom Egypt, which is 80 percent owned by the government, and also owns a 45 percent stake in Vodafone’s local subsidiary is expected to launch its MVNO within the next few months.
Telecom Egypt has been given a year to resolve its stake in Vodafone, although the company has asked for two years, as that would then tie in with the planned LTE spectrum auction.
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