UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Hyatt, Egypt's ADD Developments sign MoU for hotel expansion    Serbian PM calls trade deal a 'new page' in Egypt ties    Reforms make Egypt 'land of opportunity,' business leader tells Serbia    TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Israel intensifies strikes on Tehran as Iran vows retaliation, global leaders call for de-escalation    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    LTRA, Rehla Rides forge public–private partnership for smart transport    Egyptian pound rebounds at June 16 close – CBE    China's fixed asset investment surges in Jan–May    Egypt secures €21m EU grant for low-carbon transition    Sisi launches new support initiative for families of war, terrorism victims    Egypt, Cyprus discuss regional escalation, urge return to Iran-US talks    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt Telecom's Shares in Vodafone is More Feasible than Running for Fourth License
Published in Amwal Al Ghad on 22 - 08 - 2012

Minister of Communications and Information Technology highlighted the possibility of offering Telecom Egypt fourth mobile-phone license. Telecom Egypt is supposed to fund the purchasing of new license by selling its share in Vodafone-Egypt, which represents 45% of total shares.
Eng. Tala'at Omar, expert in the field of communications, stated that rewarding Telecom Egypt with a fourth mobile license is commendable despite the state of saturation that dominates the mobile market in Egypt.
But meanwhile,Telecom Egypt - that owns 45% of Vodafone shares representing 60% of its profits - must keep these shares to avoid insolvency and that it must give up the fourth mobile license in case that the Egyptian government asked it not to have shares in Vodafone.
He added that Telecom Egypt must activate its shares in Vodafone and cooperate with Vodafone to provide integrated mobile services along with land line, in addition to developing second-generation services, including audio, image, and information services. This would, in turn, significantly increase the profits of Telecom Egypt.
He also called upon carrying out a radical change in the management of Telecom Egypt and thinking carefully about the license before launching it, given that the time is not appropriate and that the economic situation is unstable.
The virtual network is not the optimum solution for developing Telecom Egypt again, as the company does have the infrastructure required providing mobile services and attracting a number of users up to 105% of the population in Egypt, he said.
Dr. Abdelrahman Al-Sawy, expert in the field of communications, stated that the Ministry should offer Telecom Egypt the fourth mobile license for free, pointing out that Telecom Egypt has made many discounts and provided support to the sector as a whole in the previous period. He also believed that Egypt Telecom is unlikely to sell its shares in Vodafone, which represents 45%.
He called for forming a new administration, independent of Telecom Egypt, selecting a number of the company's employees, and qualifying them again so as to choose the best. He also suggested that TE Data be responsible for the services of the fourth license.
On the other hand, Eng. Ahmed El Atify, expert in the field of communications, emphasized that launching the virtual license is the best solution for Telecom Egypt to adopt at the current stage, hinting that this license may not make profits and that Telecom Egypt does not have the experience required for competing with the three mobile operators, given that such competition is fierce.
He added that the current economic situation in Egypt is not suitable for launching a fourth mobile license and that this license will replace the company's secured investment in Vodafone with an investment of unknown revenue.


Clic here to read the story from its source.