Telecom Egypt will be paying the remaining EGP 1.8 bn for its 4G license in installments every August for the next three years, sources tell Al Mal. Half of the payment will be made in USD with the first of which tallying up to EGP 235 mn and USD 26 mn. TE already paid EGP 5.2 bn out of a total EGP 7.08 bn for the license. TE should be launching its mobile network services these coming days and has already kicked off its billboard campaign. The operator has already received its frequencies and will offer mobile services through local roaming in Cairo, Alexandria, Aswan, Luxor, Sharm El Sheikh, and Hurghada.

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