Egypt spending big on telecoms

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Egypt’s third mobile network operator, Etisalat has invested US$1.4 billion into the operation since launch in 2007 and is planning to spend the same amount again over the next three years. This investment is expected to be matched at least partially by its competitors, Vodafone Egypt (VFE) and Mobinil (backed by Orascom and France Telecom), as they gear up for the fourth mobile licence to be issued. Fixed-line incumbent Telecom Egypt, with assets of over US$5 billion and already a minority shareholder in VFE, has expressed interest in the licence. Etisalat paid almost US$3 billion for its licence three years ago.

In parallel, the Egyptian government is preparing a US$1 billion plan aimed at boosting broadband penetration fourfold over the next four years.

For more information, see BuddeComm’s updated series of Egypt reports with market overviews, analysis and key statistics, profiles of the major players, and scenario forecasts to 2012 and 2015 for the country’s mobile, fixed-line, Internet and broadband markets.

For further information see:

Egypt - Key Statistics, Regulatory & Fixed-Line Telecoms Overviews

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Egypt - Convergence, Broadband & Internet Markets

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Egypt - Mobile Market - Overview & Statistics

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Egypt - Telecoms Market Statistics & Forecasts

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