In an effort to deal with mounting operational costs, Egypt’s telecom providers have requested permission from the National Telecommunications Regulatory Authority (NTRA) to increase the pricing for their services.
Etisalat Egypt acknowledged that it had approached the NTRA for permission to raise the price of its services to counteract sharp increases in import costs and other operating expenses. Additionally, it must provide funding for the expansion and modernization of its services.
According to Etisalat Egypt, the value of the US dollar, which has doubled in value compared to the Egyptian pound since March 2022, determines a sizable portion of operating expenses. The company noted that, despite rising inflation and currency devaluation, it has not increased service pricing in more than six years and that it is working with NTRA to reach an agreement on the best manner to do so.
Etisalat Egypt, Vodafone Egypt, Orange Egypt and Telecom Egypt are the four primary service providers in Egypt.
