Etisalat Misr is considering several options to finance the 4G licence including a capital increase or obtaining external financing from banks, according to Hazem Metwally, the company’s CEO. Etisalat Misr agreed to acquire the 4G licence and spectrum (5MHz of 4G spectrum in the 2100 band and 5 MHz of 4G spectrum in the 900 band according to Gamal Al Sadat, the company’s chairman) for a total of USD535.5mn, of which 50% to be paid in USD and the balance in EGP. The company is required by the National Telecommunication Regulatory Authority (NTRA) to pay the full amount within one month, Metwally added. Etisalat Misr’s total authorised capital is EGP24bn, while its paid-in capital is EGP10bn. In other news, the company distributed a total of EGP400mn-EGP450mn to its shareholders in 2015, according to Metwally. (Al Borsa, Al Mal)