Linatel-Egypt Eyes EGP30mn Business Volume by 2014-End

CEO of Linatel-Egypt Hamdy Al-Lithy announced for his company’s target to record EGP30 million business volume by the end of the current year stressing that the proportion of business volume’s growth up to 30% within 2014.

Linatel started launching 100 strengthening stations for Vodafone and Mobinil in order to develop mobile phone’s services especially mobile operators will work to raise efficiency by the next period, Al-Lithy noted.

Linatel looks into new firms to find alternative job opportunities in three Arab countries Saudi Arabia, UAE and Kuwait with the aim of providing electronic payment and money transfer via mobile phone services, he added.

Moreover, the company increased its paid up capital to close at EGP3 million instead of EGP1 million along with reviewing with one of banks to get EGP10 million credit facilities.