Telecom Egypt Invests EGP3bn to Develop Infrastructure Cables this Year

Telecom Egypt (ETAL-CA)(TE) is planning to invest around EGP3 billion within 2015 in order to develop infrastructure of cables.

CEO of TE Mohamed Al- Nawawy Said Telecom Egypt invested nearly EGP2.5 billion in the last year.

During a press conference, Al-Nawawy announced for TE’s business results and the total customers who benefited from the development of infrastructure and the replacement of fiber cables instead of copper cables.