Egypt prices 4G licence at $398m

Orange Egypt said on Sunday that Egypt’s telecommunications regulator had set the price of a license to provide fourth-generation mobile services at EGP3.54 billion ($398.6 million), half of which must be paid in dollars.It said in a statement on the Egyptian stock exchange that the regulator had set the cost of acquiring a fixed line license at EGP100 million and the cost of a license to offer customers international calls at EGP1.8 billion.

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