Telecom Egypt expects five million mobile subscribers within first year of operation

Telecom Egypt expects that it will sign up around five million customers to its MVNO service within a year of its launch representing about 15 per cent of its existing landline customer base.

The company is expected to be granted a mobile licence to act as an MVNO by the end of June.

As a 45 per cent owner of Vodafone Egypt, Telecom Egypt is widely expected to use the Vodafone network for the wholesale access.

"We have around seven million households subscribing to our landline services, with an average of five people in every house," Telecom Egypt’s general manger for investor relations and internal reporting Mohamed Kamal told local media.