Telecom Egypt (TE) is set to conduct experimental 5G operations in five key locations to assess service quality, CEO Mohamed Nasr announced. The move follows the National Telecommunications Regulatory Authority’s approval of TE’s 15-year license for 5G services, valued at USD 150 million. Nasr expects the financial impact to reflect in TE’s results by the end of 2024. As part of Egypt’s privatization initiative, TE aims to generate USD 5 billion in revenue by offering 35 state-owned companies to strategic investors by June 2024. The 5G trials position TE as a key player in Egypt’s evolving telecommunications landscape.