Egypt Telecommunication Regulation Law – February 2003
Part 5 - Egyptian Company for Telecommunication
(Telecom Egypt)
Article 60 – License to Telecom Egypt and exclusivity clause
The NTRA shall issue – free of charge – and up to 31 December 2005 one license for
each activity or service provided by Telecom Egypt established according to Law No. 19
of 1998, whether such activity or service was directly provided by the Company or
through other companies established by the Company with others as long as it owns the
majority in the capital.
Such exemption of fees shall not apply to Frequency Usage License fees or Mobile
Telephone Services License fees.
Telecom Egypt shall, during the period mentioned above, have the exclusive right to
establish, operate and exploit international transmission networks between Egypt and any
other country through international gateways via submarine and terrestrial cables,
microwave links and satellites for fixed services and provide Telephone, Fax, Telex and
Telegraph Services over such networks.
The NTRA Board of Directors shall have the right to issue a resolution enabling Telecom
Egypt to exclusively perform some other activities and services which are being carried
out only by Telecom Egypt at the date of applying this Law. This shall be effective
within a limited period determined by the resolution without violation to the acquired
rights of other licensed companies.
In all cases, Telecom Egypt shall undertake to provide the Telecommunication Services,
exclusively offered by it, to whoever is requesting it in accordance with its available
technical capabilities.
Article 61 – Rights and obligations of Telecom Egypt
Telecom Egypt shall, after obtaining the necessary license from the NTRA, have the right
to provide new Telecommunication Services, and in that case, it shall have the same
rights and obligations of Providers of such services, in accordance with the rules issued
by the NTRA in this regard.
Article 62 - Telecom Egypt Capital
The capital of the company shall be divided into equal nominal shares and the Company
Statute shall determine the nominal value of each share, provided that it shall not be less
than ten pounds and shall not exceed one thousand pounds.
Article 63 - Allocation of Shares
Upon a decree from the Cabinet, shares can be offered for sale at a partial value of the
Company capital provided that the greater part of the capital remains State owned. The
National Telecom. Reg.Authority
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