Telecom Egypt could be set to disrupt the North African country’s mobile sector after the regulator announced it was ready to issue a mixed use licence.
The company currently operates fixed-line networks, with the three major mobile players being Vodafone Egypt, Mobinil and Etisalat Egypt.
Reuters reports Hesham el-Alaily, head of the National Telecommunications Regulatory Authority, speaking at a conference in Cairo, confirmed it was in the final stages of issuing a licence to allow a company to operate both a fixed-line and mobile network.
Telecom Egypt surpassed the 1.5 million subscriber mark in June and offers broadband services as well as wholesale to other operators.
The company reported its financial results for the third quarter of 2013 last month, revealing EGP650 million (US$94.3 million) in net profit for the quarter, while revenues grew significantly. Revenues had grown by 16 per cent in the second quarter.
HumanIPO reported last week the Egyptian telecommunications sector is targeting growth of between 18 and 20 per cent by 2016.