The Clap
EGX-listed Telecom Egypt just became the country’s first mobile operator to receive the 5G license.
What
With a cost of USD 150 million, the company secured a 15-year license to operate fifth-generation (5G) networks, according to a Cabinet statement.
So What
Securing the 5G license adds to the company’s competitive edge. This advantage becomes particularly significant if other competitors fail to launch 5G within the same timeframe, according to Amr Hussein Elalfy, Chief Equity Strategist at Thndr Securities Brokerage.
Now What
Telecom Egypt’s competitors are anticipated to seek the 5G license, leveraging the country’s readiness to support 5G operations, as reported by Enterprise.
