The National Telecommunications Regulatory Authority (NTRA) will collect 3% of the annual fixed-line revenues offered by both, the mobile network operators (MNOs) through Telecom Egypt’s (TE) [ETEL.CA] network and TE. This is in addition to the unified 6% that would be collected of total annual 4G revenues from the operators. In other news, Minister of Communications and Information Technology (CIT), Yasser Al Kady, has denied that the operators would be allowed to pay for the 4G licence in instalments, and the full amount should be paid upon signing the contracts. Etisalat Misr’s CEO, Hazem Metwally stated that the company has not received all the details regarding the 4G licence yet. Moreover, Metwally highlighted that the company is struggling to find FX liquidity as international roaming revenues have declined due to a struggling tourism sector in Egypt. (Al Borsa, Reuters, Al Masry Al Youm)   Telecom Egypt: EGP8.27 as of 23 June 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,590 million, ETEL EY / ETEL.CA