{"id":657679,"date":"2024-12-24T00:00:00","date_gmt":"2024-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/24\/your-mobile-and-internet-bills-could-be-going-up-as-much-as-30\/"},"modified":"2024-12-24T00:00:00","modified_gmt":"2024-12-24T00:00:00","slug":"your-mobile-and-internet-bills-could-be-going-up-as-much-as-30","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/24\/your-mobile-and-internet-bills-could-be-going-up-as-much-as-30\/","title":{"rendered":"Your mobile and internet bills could be going up as much as 30%"},"content":{"rendered":"

Good afternoon all you wonderful people, and happy Christmas Eve. <\/strong>At the top of the docket for today is another hike to our phone and internet bills, followed by the latest on AI applications in the realm of animal communication and the business of prediction.<\/p>\n

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THE BIG STORIES TODAY<\/p>\n

#1- Your mobile contract plans just got pricier: <\/strong>The National Telecom Regulatory Authority has given telecom operators the greenlight to hike prices of their mobile and internet bills by up to 30%, a government source told EnterpriseAM. The move comes a little over two weeks after Telecom Egypt (WE) and Egypt\u2019s other three other telecom operators hiked the prices<\/a> of their home internet and prepaid mobile plans by up to 31%.<\/p>\n

#2- Valu and One Finance close fresh securitization rounds: <\/strong>Homegrown fintech leader Valu has closed its thirteenth securitization round valued at EGP 519.2 mn, according to statements from Valu<\/a> and Legal advisor Dreny & Partners<\/a>. Valu\u2019s latest financing round is part of a broader three-year multi-issuance program with a total value of EGP 16 bn, with the company having raised a total in excess of EGP 10.8 bn across all issuances to date. Meanwhile, state-owned consumer finance player One Finance has closed its second securitization for its consumer finance portfolio in an issuance valued at EGP 679 mn, as part of its total EGP 3 bn multi-issuance program, according to a statement<\/a> from legal advisor Dreny & Partners.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

China to issue record USD 411 bn in t-bills in 2025 to revive sluggish economy: <\/strong>China is planning to issue USD 411 bn worth of special treasury bonds in 2025, its largest-ever issuance, two unnamed sources tell Reuters<\/a>. Proceeds from the issuances will go toward ramped-up subsidy programs, equipment upgrades for businesses, greater funding for advanced manufacturing sectors like EVs and semiconductors, and expanded infrastructure projects. <\/p>\n

The unprecedented move reflects Beijing\u2019s willingness to go further into debt to counter <\/strong>continued deflationary pressures<\/strong>, particularly as it struggles with continued weak consumer demand amid falling property prices that have left Chinese consumers feeling less wealthy and less willing to spend. The need to prop up domestic demand<\/a> has taken on an even greater salience as US president-elect Donald Trump\u2019s promised tariffs<\/a> on Chinese goods threaten to hit Chinese export demand hard.<\/p>\n

PLUS- Israeli defense minister acknowledges assassination of Ismail Haniyeh: <\/strong>Israeli defense minister Israel Katz confirmed<\/a> that his government was behind the killing of Hamas\u2019 top political leader in Tehran in July<\/a>. While Israel had largely been understood to have been behind Haniyeh\u2019s killing, Katz\u2019s comments provided the first official acknowledgment of the government\u2019s responsibility for the assassination.<\/p>\n

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