Telecom Egypt, the country's state-owned landline monopoly is in talks with banks regarding a 5 billion Egyptian pound ($563.07 million) loan to acquire a 4G license, according to Reuters.
The sources said Etisalat Egypt is also in talks with banks for a 5 billion pound loan to acquire the licence.
The sale of 4G licenses is part of Egypt's long-awaited plan to reform the telecoms sector. Saudi Telecom, Kuwait's Zain, China Telecom and a European firm have expressed interest in the license.
