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Friday, May 31, 2013

ETSIT: Cabinet approves license for Egyptian vehicle tracking company

The Egyptian cabinet has agreed to grant a 2 year license to a new entity called the Egyptian Tracking Services and Information Technology (ETSIT) company allowing it to provide AVL to non-military commercial services in the region.  ETSIT has been endowed with capital of about $14.3M USD (EGP 100m), and will be owned and managed by several entities, including Dahab Services and Supplies Co, the Egyptian Company for Investment Projects, the Healthcare and Social Services Improvement Fund, and by Telecom Egypt.  The Egyptian Armed Forces have tentatively agreed to the license under the stipulation that the National Telecom Regulatory Authority (NTRA) be solely responsible for providing or approving similar services to the Military.