The Clap
In a press conference for the company celebrating 12 million mobile service customers, Telecom Egypt (ETEL) announced some of the company’s developments.
What
TE plans to obtain additional frequencies for mobile service in order to improve the quality of service and accommodate the increasing number of users, in addition to developing its brand and logo starting from 2023.
So What
Mohamed Shamroukh, Executive Vice President for Financial Affairs, said that the new frequencies will cost $125mn, but the company has not yet signed with the National Telecommunications Regulatory Authority to obtain the new frequencies.
Now What
In related news, the company said that it had not received any offers to acquire its stake in Vodafone Egypt.