Ericsson eyes Egypt fixed-line licence

BID REPORT: Ericsson CEO Carl Henric Svanberg. (Getty Images)

Telecom equipment maker Ericsson and two Gulf Arab telecom firms have applied for the information needed to bid for Egypt's second fixed-line telecom licence, a newspaper reported on Wednesday.

The new applications bring to 10 the number of companies who have expressed interest in the licence, which the most populous Arab country has said it will auction on June 19.

Egyptian daily Al Alam al-Youm did not say where it got the information. Officials at Egypt's National Telecommunications Regulatory Authority could not immediately confirm the report.

Companies planning to bid would need to submit an auction guarantee of 10 million Egyptian pounds ($1.86 million) in addition to $10,000 to buy the booklet of conditions, the regulatory authority has said.

Seven other companies have already expressed interest, including France Telecom, Orascom Telecom, Egypt's Alkan, Egypt's Giza Systems, Abu Dhabi-based Etisalat, Saudi's Atheeb group, and Alcatel-Lucent. ($1 = 5.38 Egyptian pounds) (Reuters)

Print | Email | Discuss this article |

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM