Vodafone Egypt Acquires Spectrum to Expand Network Capacity

Vodafone Egypt has acquired 40 MHz of 2.6 GHz TDD spectrum from the National Telecommunications Regulatory Authority (NTRA). The spectrum will enable Vodafone Egypt to significantly expand network capacity to meet growing demand for reliable, high quality voice and data services.

The spectrum acquired has a ten-year licence term through to 2030. Payments will be phased over three years, with an initial payment of $270 million (€230 million) upon receipt of the spectrum and two further payments of $135 million (€115 million) due in 2021 and 2022 respectively.

Source: Vodafone Egypt media announcement