Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

4G/5G

Vodafone Egypt gets additional ten-year spectrum license

Article Image
Vodafone Egypt has acquired some 2.6GHz spectrum for $540 million which it says will help it meet growing demand for reliable, high-quality voice and data services.

The Egyptian unit of the UK-based group said in a statement it had acquired 40MHz of 2.6GHz TDD spectrum from Egypt's National Telecommunications Regulatory Authority (NTRA).

The spectrum is on a ten-year license term which will extent to 2030 and will enable the telco "to significantly expand network capacity."

Payments will be phased over three years, with an initial payment of $270 million when it receives the spectrum and two further payments of $135 million due in 2021 and 2022.

This is Vodafone Egypt's first block of spectrum in the 2.6GHz band but it already has spectrum in the 900MHz, 1800MHz and 2.1GHz bands which are valid until 2031.

Vodafone Egypt's spectrum holdings before and after the new acquisition

The 2.6GHz spectrum could be used for 5G rollout in Egypt. Although the majority of commercial 5G networks are relying on spectrum within the 3.3GHz to 3.8GHz range, bands like 1800MHz, 2.3GHz and 2.6GHz are also being considered and tested for 5G use.

Vodafone Egypt had about 40.2 million mobile customers and around 694,000 fixed broadband subscribers at the end of March 2020, according to Vodafone financial statements.

Up for sale

While Vodafone Egypt has secured another spectrum license its parent company is still looking to sell out of the territory.

In January, Vodafone announced it was planning to sell its sell its 55% stake in Vodafone Egypt to Saudi Telecom Company (STC).

But since then STC has postponed the acquisition twice — once in April and again in July when the operator said it would need a further two months to complete the purchase because of the logistical challenges caused by the COVID-19 pandemic.

In September, Vodafone said it still wanted to finalize the deal after rumors that STC wanted to reduce its $2.4 billion non-binding offer.

Vodafone Egypt's revenue grew 30.3% to €1.45 billion (US$1.6 billion) for the year ended March 31, 2020, while service revenue grew organically by 14.5%.

— Paula Gilbert, Editor, Connecting Africa

Innovation hub

Story

African tech startup funding hits $3.3B in 2022

Investment in Africa's tech startup ecosystem passed $3 billion for the first time in 2022, with Nigeria taking the biggest piece of pie and fintech dominating other sectors, according to a report from Disrupt Africa.

Story

Connecting Africa Podcast: S2 Ep. 4 – Agri-fintech, from kibbutz to Kenya

The Connecting Africa Podcast team speak to Israeli-Kenyan startup Avenews' co-founder and CEO, Shalom Ben-Or, about his fintech super-app that has been built specifically for Africa's agriculture industry.

More Innovation hub

Flash poll

All polls

Partner perspectives

All Partner Perspectives

Africa Tech Perspectives

Story

Women in Tech: Spotlight on inclusivity with Digital Council Africa's Juanita Clark

Digital Council Africa founder and CEO, Juanita Clark, talks to Connecting Africa as part of our Women's Month series about her career and what needs to be done to make the tech industry intentionally inclusive.

Story

Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

More AfricaCom perspectives

Latest video

More videos

Industry announcements

More Industry announcements

Guest Perspectives

Story

Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

Story

Omdia View: June 2022

By Omdia Analysts

5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.

More Guest Perspectives

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up