Vodafone Acquires Ten-Year Spectrum License in Egypt
November 04 2020 - 12:38PM
Dow Jones News
By Adriano Marchese
Vodafone Group PLC said Wednesday that it has acquired a
ten-year license for 40 megahertz of 2.6 gigahertz TDD spectrum
from the National Telecommunications Regulatory Authority in
Egypt.
The telecommunication company said that payments will be phased
over three years, with a first payment of $270 million and two
subsequent payments of $135 million, due in 2021 and 2022
respectively.
The spectrum will enable Vodafone Egypt to significantly expand
network capacity to meet growing demand, the company said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 04, 2020 12:23 ET (17:23 GMT)
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