CIT Minister Yasser El Kadi might have jumped the gun when he said that mobile network operators would be receiving their 4G frequencies on Monday, according to Al Mal. MNOs have not received any official notice about frequency being handed over before Eid Al Fitr, an executive from the one of three operators tells the newspaper. The National Telecommunications Regulatory will be reworking the geographic distribution of frequencies around the country for the next two months, the same timeframe the minister gave on Sunday for 4G service rollout.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…