REG - Telecom Egypt S.A.E - TE submits offer to NTRA for additional spectrum

Telecom Egypt Co SAEAnnouncement

21/09/2020 07:01

RNS Number : 5016Z
  
Telecom Egypt S.A.E
  
19 September 2020
  
 

 
 
Telecom Egypt submits offer to the NTRA for additional spectrum 
Cairo, 20 September 2020: Telecom Egypt announces that it has submitted a financial and technical offer to the National Telecom Regulatory Authority (NTRA) to apply for additional spectrum. The spectrum will be in the 2600MHz band utilizing TDD technology and with a right of use of 10 years. The company is currently awaiting the NTRA's decision and approval. This step comes in light of Telecom Egypt's continual endeavor to improve its service quality and increase its reliance on its own network by pumping new investments into the allocated spectrum. 
In line with its strategy to transform from a fully integrated telecom provider to the leading ICT provider in Egypt, Telecom Egypt constantly seeks to utilize advanced technological solutions to modernize its networks and infrastructure to enhance the quality of its services, reach the highest levels of customer satisfaction, and meet its customers' aspirations.
- End -




 
 
 
About Telecom Egypt
Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering its enterprise and consumer customers the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables.  Aside from its mobile operation "WE", the company owns a 45% stake in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange. Please refer to Telecom Egypt's full financial disclosure on ir.te.eg
 
For more information, contact:
The investor relations team
Email: investor.relations@te.eg 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCGPURWBUPUGWB