Ericsson joins the fray for Egyptian fixed licence

Telecom equipment maker Ericsson and two Gulf Arab telecom firms have applied for the information needed to bid for Egypt's second fixed-line telecom license, Reuters report said.

According to a newspaper report, the new applications bring to 10 the number of companies who have expressed interest in the licence, which the most populous Arab country has said it will auction on June 19, the Reuters report said.

Egyptian daily Al Alam al-Youm did not say where it got the information.

Officials at Egypt's National Telecommunications Regulatory Authority could not immediately confirm the report.

Companies planning to bid would need to submit an auction guarantee of 10 million Egyptian pounds in addition to $10,000 to buy the booklet of conditions, the regulatory authority has said.

Seven other companies have already expressed interest, including France Telecom, Orascom Telecom , Egypt's Alkan, Egypt's Giza Systems, Abu Dhabi-based Etisalat , Saudi's Atheeb group, and Alcatel-Lucent, the report further said.

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