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Telecom Egypt expects 5 percent takeover of mobile market

Telecom Egypt CEO Mohamed al-Nawawy Tuesday called for expediting the issuance of the fourth mobile carrier license, which was approved by cabinet in September.The company will start offering its services to subscribers five weeks after acquiring the license without frequencies, he said expecting them to be obtained, when the government offers the fourth-generation frequencies.

Mohamed Elnawawy, Managing Director, and Chief Executive Office of Telecom Egypt (te)
Mohamed Elnawawy, Managing Director, and Chief Executive Office of Telecom Egypt (te)

He added that the company is ready on the marketing, technical and administrative levels to offer comprehensive telecommunications services nationwide at one time. The customer service system of the whole company will be developed to include a highly-qualified team.

He said the company will offer a package of services and offers for the current subscribers, expecting to obtain 5 percent of the market of mobile carriers in Egypt. Its code will be 0155.

He added that the telecommunications market got LE35 billion last year, 15 percent for Telecom Egypt, while the rest went to the mobile operators. The volume of joint business with the other three mobile carriers (Mobinil, Etisalat and Vodafone) surpasses four billion annually, according to Nawawy.

The disputes are being resolved through negotiations between the three operators and the National Telecommunications Regulatory Authority.

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