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Egypt and China sign MoU for $800m railway project
2014-04-08 01:00:00| Railway Technology
Egypt's Ministry of Transportation has signed a memorandum of understanding (MoU) with the Chinese Government, along with Aviation Industry Corporation of China, for the development of a new $800m railway project.
Tags: sign
china
project
egypt
Telecom Egypt acquires mobile licence for EGP 2.5 bln
2014-04-03 08:22:00| Telecompaper Headlines
(Telecompaper) The Egyptian government has handed over a mobile licence to fixed-line operator Telecom Egypt. The state-owned incumbent will pay EGP 2.5 billion to enter the mobile market, according to telecommunications minister Atef Helmy at a press conference reported by Reuters. It will have one year to sell its almost 45 percent stake in Vodafone Egypt. The country's three existing mobile operators will also be allowed to enter the fixed market, using Telecom Egypt's network, by acquiring a licence for EGP 100 million. Helmy said the details of the unified licence, for both mobile and fixed services, will be finished by 30 June, following consultations with the telecom companies. Telecom Egypt will not receive any spectrum, but instead need to negotiate a MVNO agreement with an existing operator. It could acquire spectrum later, with an auction of frequencies for 4G services planned for June 2016, according to the head of the telecoms regulator, Hesham El Alaily. The new unified licence requires a single payment plus an annual fee, Alaily told Reuters. He did not give any details on the annual fees.
Tags: mobile
egypt
telecom
licence
Egypt to get new mobile operator, announces 4G plans
2014-04-03 02:00:00| Total Telecom industry news
Telecom Egypt will be able to acquire a unified licence for 260 million, but move into mobile will affect its relationship with Vodafone.
Tags: mobile
plans
operator
egypt
Egypt issues death sentence to 26 over Suez canal plot
2014-02-26 14:53:23| IT Services - Topix.net
The final verdict regarding the death sentence for the 26 individuals convicted will be released on March 19 An Egyptian court sentenced 26 people to death on Wednesday for plotting attacks on ships passing through the Suez Canal , judicial source said.
EGYPT: Textile workers end strike on Ministry assurances
2014-02-26 12:30:00| Daily apparel & textile news and comment - from just-style.com
Thousands of workers at Egypt's largest state-owned textile company have ended a 12-day strike after reaching an agreement over the payment of promised bonuses from last year and the implementation of an EGP1200 (US$172) minimum wage.
Tags: end
workers
strike
egypt
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