The drivers of a tower transaction in Egypt
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The drivers of a tower transaction in Egypt

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TowerXchange expects a deal to be confirmed in Egypt before the end of 2013

According to commentary in the Mott MacDonald Share Square, Egypt is a relatively mature market: “despite mobile penetration of over 100%, 3G penetration in Egypt is low... 3G growth will provide the opportunity for a tower operating company with a portfolio of towers to focus on driving up their Lease Up Rate.”

Egypt has three tier one operators: Vodafone Egypt with around 40% market share, Mobinil with 35% and Etisalat with 25%. A new MVNO license is imminent. “Telecom Egypt will have an MVNO license by second half of the year, but they won’t be adding many new sites - at least at the beginning - as they will be largely using the existing network of the other operators,” suggests ADNA’s Magdy Zaky.


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