Vodafone Egypt acquires 40 MHz of 2.6 GHz TDD spectrum

Vodafone Egypt has acquired 40 MHz of 2.6 GHz TDD spectrum from the National Telecommunications Regulatory Authority (NTRA).
Vodafone Egypt telecom network
The spectrum will enable Vodafone Egypt to significantly expand mobile network capacity  to meet demand for voice and data services.

The spectrum acquired has a ten-year license term through to 2030.

Vodafone Egypt said payments will be phased over three years, with an initial payment of $270 million (€230 million) upon receipt of the spectrum and two further payments of $135 million (€115 million) due in 2021 and 2022 respectively.