Egypt's National Telecommunications Regulatory Authority (NTRA) and mobile operators Orange Egypt, Vodafone Egypt, and Etisalat Misr signed a settlement agreement on 9 September 2019. The agreement was inked by Mustafa Abdel Wahed (pictured), NTRA Executive Chairman, Yasser Shaker, CEO of Orange Egypt, Alexander Froman, CEO of Vodafone Egypt and Hazem Metwally, CEO of Etisalat Misr.
They want to settle the legal battles between telecom operators over interconnection tariffs that have persisted for the past ten years. The latest battle, between Vodafone Egypt and Etisalat Misr, which began in 2016 before the Cairo Regional Arbitration Centre for International Trade, ended last January with Vodafone Egypt being ordered to pay compensation of EGP750 million ($41,751,179) to the subsidiary of the Emirati telecoms group for violating the regulator's decision, fixing the financial compensation payable by each party to the other for any service unit rendered.
According to Amr Talaat, the Egyptian Minister of Communication and Information Technology, “these disputes have had a negative impact on the stability and clarity of relations between ICT operators, thus constituting an obstacle for foreign investors when they inject new investments that can be used to improve the quality of telecommunications services provided to citizens.”
The agreement has the power to create an enabling environment for the development of the activities of local and international companies investing in the ICT sector in Egypt. Mustafa Abdel Wahed revealed that rules have been established for future works on mobile call tariffs exchanged between different networks, through a tariff agreement between companies, which should then be approved by the telecoms regulator.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...
Orom-Cross plans to produce 20,000 tons of graphite annually in Phase 1, with $40 million in startup capital. Blencowe Resources signed a new...
PR-PICA forecasts Mali’s 2025/26 seed-cotton output at 433,700 tons, down 34% year-on-year. Benin’s harvest is expected to reach 632,000 tons,...
AJN Resources moves deeper into African gold with deal for 55% of DRC’s Giro project Acquisition adds Kebigada and Douze Match deposits as gold...
Proparco lends $23 million to Sonoco to build a 600-ton/day flour mill in Freetown Project aims to cut flour imports and supply regional...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...