Vodafone Group has announced that its Egyptian unit has been awarded a 40MHz block of 2.6GHz TTD spectrum by the National Telecommunications Regulatory Authority (NTRA).
In a press release regarding the matter, the British company confirmed that Vodafone Egypt has been awarded the new frequencies under a ten-year license, valid through to 2030, for an initial payment of USD270 million to be paid upon receipt of the spectrum. Two further payments – each of USD135 million – are due in 2021 and 2022, respectively.
According to Vodafone Group, the new frequencies will enable Vodafone Egypt to ‘significantly expand network capacity to meet the growing demand for reliable, high-quality voice and data services’.
Source: https://www.commsupdate.com/articles/2020/11/05/vodafone-egypt-bags-additional-2-6ghz-spectrum/