Egypt delays fixed-line licence bid deadline again
Egypt's telecoms regulator said on Monday it had again postponed the bid deadline for a second fixed-line licence, citing turbulent global markets and continuing talks about interconnectivity agreement.
"The current disturbances witnessed by global markets have weighed in favour of the decision to postpone," a statement by the National Telecom Regulatory Authority said.
It said the postponement to Sept. 18 would give the regulator more time to "lay the foundations" for a fixed- to mobile-line interconnectivity agreement.
Egypt originally postponed the deadline to July 29 from June 19, citing the interconnectivity talks.
The sale of the licence will end state-run Telecom Egypt's ETEL.CA fixed-line monopoly.
Egyptian daily al-Alam al-Youm reported in April that telecom equipment maker Ericsson and two Gulf Arab telecom firms had bought the conditions booklet.
Other companies that expressed interest in the licence include France Telecom, Orascom Telecom , Egypt's Alkan, Egypt's Giza Systems, Abu Dhabi-based Etisalat , Saudi Arabian Atheeb group, Alcatel-Lucent and Kuwaiti investment firm Noor Financial Co.
(Writing by Aziz El-Kaissouni; Editing by Paul Bolding)