Etisalat to invest $1.4bn in Egypt

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Etisalat is to invest $1.4bn in its Egyptian operation, Etisalat Misr, to compete with Mobinil and Vodafone

Emirates Telecommunications is planning to invest up to $1.4 billion in the next three years on its Egyptian unit, Etisalat Misr.
According to chairman Mohammad Omran, the company’s subscriber base has reached 14 million after three years of operations.
Etisalat Misr’s network is based on 3.5G technology and covers more than 80% of the country’s population, and provides HSPA+ applications that offer high internet speeds to download and transfer data.
Etisalat Misr is competing with Mobinil — owned by Orascom with Orange — and Vodafone Egypt — part-owned by the incumbent, Telecom Egypt — in the Egyptian mobile phone market. The number of mobile telephone subscribers in Egypt stood at 58.7 million by the end of April 2010, 35% higher than at the same date a year ago.
Etisalat is present in 18 markets abroad in Africa, the Middle East and Asia. GTB