Vodafone Egypt Allocates EGP 3 bln Investments in FY13/14

Eng. Hatem Dwedar, CEO of Vodafone Egypt, has asserted that Vodafone allocated around EGP 3 billion investments within the current fiscal year.

Dwedar added in an exclusive to Amwal Al Ghad that the current period is witnessing an increase in the investment rates of ICT sector, noting that Vodafone is focusing on allocating about 50% from the total investments of Data and internet services.

Dwedar has pointed out that internet services is growing highly in voice services, asserting that it is a candidate to achieve greater revenues from the internet services after the decline of voice service revenues within the recent years.

A new study published by the Vodafone Institute for Society and Communications in Berlin showed the effect of the increase of mobile phone subscriptions on the GDP growth across tend countries.

The effects are all positive for the years 2010 to 2020 and grow continuously in this period. They range between 1.8% in the UK and 24.9% in Egypt (compared with today’s GDP).

Mobile phones enable new services and applications often providing opportunities to generate income. Furthermore, the access to information and increased communication through mobile communication facilities coordination resulting in productivity gains. Finally, mobile phones enable immediate response to crisis and shocks that without them may lead to destruction of crops or machinery.