Egypt extends length and reach of triple play licences
In response to bidders' concerns the two licences for cable, telephone and internet will now cover 10,000 units for a period of 15 years
The triple play licences due to be auctioned by Egypt's telecoms regulator next year have been extended to 15 years and the number of units that can be connected increased, following requests from prospective bidders.
"The board of directors discussed the requests of the companies that have purchased tender documents for the two gated urban community licences," the National Telecommunication Regulatory Authority (NTRA) said in a statement.
"The most important decisions are the increase in the number of units in the gated community from 5,000 to 10,000 units and the extension of the term of the contract from 10 years to 15 years," it added.
Egypt's NTRA announced in September that it would auction two geographically restricted licences for cable, telephone and internet services to connect residential compounds in the suburbs and outlying cities of Egypt.
At least 18 firms have registered an interest in bidding for the licences, with Vodafone Egypt, Mobinil and Egypt-based Orascom Telecom among those keen to snap up one of the licences.
Earlier this month the NTRA announced that in response to requests from interested firms the deadline would be delayed by two months, with bids for the licences now due by 15th March 2010.
According to Telegeography, the government will not charge an upfront payment for the two licences but will instead take 8% of revenue per annum.
Egypt's communications minister, Tarek Kamel, said in an earlier statement that he expects the triple-play licences to generate some US$1 billion in investments over the next five years.