(Ecofin Agency) - Egypt’s incumbent telecom operator -Telecom Egypt- announced on September 21 it has submitted a financial and technical offer to the regulator to acquire an additional frequency spectrum. The telecom resource which is in the 2600 MHz band, using TDD (time division duplex) technology, will enable the company to improve the quality of its service and increase its dependence on its network on the national territory. Telecom Egypt requested this additional frequency spectrum for 10 years for an undisclosed amount.

This potential new investment is in line with the company’s strategy to move from being a fully integrated telecom provider to becoming the leading ICT provider in Egypt. Indeed, the telecom company wants to offer its consumers more value-added services based on high-speed data.

“Telecom Egypt is constantly seeking to use advanced technological solutions to modernize its networks and infrastructure to improve the quality of its services and achieve the highest levels of customer satisfaction as well as meet the aspirations of its customers,” the company said.

According to local media, Vodafone Egypt has also reportedly submitted an offer to obtain an additional frequency spectrum.