Vodafone Egypt to improve network with $1.3bn investment

Vodafone Egypt has announced plans to improve its network with EGP9.5 billion (US$1.3 billion) over the next three years.

Reuters reports the improvements were announced by the network’s chief executive officer (CEO) Ahmed Essam at a news conference.

Essam said the network would finance the investment plan from existing funds.

Vodafone is Egypt’s largest telecoms company in terms of number of subscribers. Telecom Egypt also owns 45 per cent stake in Vodafone Egypt.

On plans to offer landline services, Essam said Vodafone Egypt is still studying the possibility of offering landline services and has not reached a decision.




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