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NTRA to get 6% of TE mobile service revenues

NTRA to get 6% of TE mobile service revenues
Telecom Egypt
ETEL
-1.36% 37.78 -0.52
Hesham El Alaily, Head of the National Telecommunication Regulatory Authority (NTRA), said that the authority will receive 6% of Telecom Egypt (TE) revenues from mobile service.
The government owns an 80% stake in TE which acquired the mobile service license for EGP 2.5 billion.
TE has previously announced its eagerness to launch its mobile service in order to fulfill the various needs of clients.