News Column

Etisalat's Egypt unit plans LE 12 bln new investment in Egypt

August 13, 2014



Arab Finance: Etisalat Misr, the Egyptian unit of Emirates Telecommunications Corp. (ETISALAT), is set to invest LE 10 to LE 12 billion in the next 5 years, its CEO, Saeed Al Hamli, told AlBayan newspaper.

The Telecoms firm investment in the Egyptian market has exceeded LE 30 billion due to the continuous   expansion, especially in the infrastructure.

 

Al Hamli said that the company was launched in 2006 after obtaining the license for a total of LE 16.7 billion, and established a strong infrastructure projects and has an ambitious expansion plan in Egypt.

When Etisalat acquired a number of internet provider, it was re-structured to become the company's arm in providing Home internet services, he added.

Regarding the company's 5 year strategy, Al Hamli said that the company is planning to invest LE 10 to 12 billion in the next 5 years and has already started in establishing a Data center worth LE 400 million in 2013 and plans to finish it in 2015.

Source: Albayan newspaper & Arab Finance Editor




For more stories covering the world of technology, please see HispanicBusiness' Tech Channel



Source: Arab Finance (Egypt)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters