Vodacom to participate in Egypt’s investment programme
Telecommunications group Vodafone Egypt plans to participate in Egypt's Ministry of Communications and Information Technology and National Telecommunications Regulatory Authority’s multi-year digital infrastructure investment programme.
The programme, announced on February 7 and running from the 2026 to 2032 financial years, includes spectrum in the 1 800 mHz and 3 500 mHz bands and the renewal of 2 600 mHz.
“Given the country's pro-investment landscape, growth outlook and certain regulatory safeguards, Vodafone Egypt intends to participate in the programme,” JSE-listed Vodacom Group said in a statement to shareholders on Monday.
Vodafone Egypt secured two by 10 mHz of 1 800 mHz as part of the initial phase of the programme.
“The 1 800 mHz spectrum will augment Vodafone Egypt's leading spectrum position and support us capturing the significant latent data demand in the country.”
The group expects to report an intangible spectrum asset of about $350-million for the 1 800 mHz spectrum acquisition.
The associated financial liability for this spectrum is expected to be about $250-million for the year ended March 31, 2026, with a $100-million instalment paid in the 2026 financial year, prior to the year-end.
The balance of the liability will be settled in three yearly instalments.
It is envisaged that the next phase of the programme will start in 2028 and conclude by 2032.
“During this phase of the programme, we expect that the Ministry of Communications and Information Technology and National Telecommunications Regulatory Authority will release a sizeable allocation of 3 500 mHz spectrum and renew an existing 2 600 mHz.”
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