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Etisalat to spend $1.4bn on Egypt unit

13 June 2010

Mohammad Omran, chairman of Etisalat has announced plans to invest EGP8bn ($1.41bn) in the firm's Egyptian unit over the next three years, as it eyes growth in the market, Reuters has reported. Etisalat Misr reached a customer base of 14 million within three years of operation, the company said. "Our investment in the network has reached EGP8bn till date, and we expect that we will invest EGP8bn more in the coming three years as networks expansion is a priority for the company," Omran said in a statement.

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