VODAFONE EGYPT SAYS THAT THIRD MOBILE OPERATOR IS NOT A THREAT
The arrival of a third mobile network company in Egypt won't eat into Vodafone's market share, Ian Gray, chief executive of Vodafone Egypt, said."Egypt is a growing market, and there is room for a third company," Gray told Dow Jones Newswires.
Vodafone Egypt Telecommunications, a unit of UK's Vodafone Group, is one of two mobile phone operators in Egypt, the other being the Egyptian Company For Mobile Services, or MobiNil, owned by Orascom Telecom Holdings and France Telecom.
Egypt is currently receiving bids for its third mobile license. Potential bidders include Turkey's Turkcell; Kuwait's MTC; Emirates Telecommunications, or Etisalat, of the United Arab Emirates; Egypt's Raya Holding in an alliance with South African firm MTN and Telecom Egypt.
"It is still not clear who will win the bid, and so it is difficult to tell how much of the market they will win and how they will operate," Gray said.
Gray also said Vodafone Egypt would consider applying for a third generation license, or 3G, when the government made its terms clear. "We are the leaders of 3G globally, but we need to wait and see the terms that the Egyptian government will specify for application and then decide," he said.