Telecom Egypt secures the country’s first 5G license for $150m
TLDR
- Telecom Egypt awarded first 5G license in Egypt by NTRA for mobile networks.
- License cost is $150 million and valid for 15 years.
- 5G deployment expected to drive economic growth and enhance Egypt's ICT sector.
The National Telecommunications Regulatory Authority (NTRA) in Egypt has awarded Telecom Egypt the country's first license for the installation and operation of 5G networks for mobile phones. The license comes with a cost of $150 million and is valid for 15 years.
Telecom Egypt's initiative to obtain the 5G license is aimed at keeping pace with global technology trends and accelerating the nation's digitalization process.
The deployment of 5G networks is expected to contribute to advancements in various industries, fostering economic growth and enhancing Egypt's international standing in the information and communication technology (ICT) sector.
Key Takeaways
The adoption of 5G technology is anticipated to bring several benefits, including lower latency, higher capacity, and increased bandwidth. This will lead to improved customer experiences with seamless connectivity, especially during periods of high usage. Additionally, businesses can leverage 5G capabilities to analyze large amounts of data more efficiently, enhancing their operational efficiency and scalability. At deployment, Egypt would be joining an exclusive group of African countries where commercial 5G services have been launched; these include Botswana, South Africa, Nigeria, Kenya, and Zambia while testing/pilot is ongoing in more than 10 others.
Think someone else should see this?
To invest in this opportunity and other opportunities across Africa
Download the daba finance app on your mobile through
Take action.
Download app
Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.
Partner with us
Unlock exciting business opportunities and growth potential.
Join Daba
Become a part of our vibrant community and enjoy exclusive benefits.
Contact us
Reach out to us for inquiries, support, or collaboration.