Vodafone Egypt Says to Invest EGP9.5bn in Network Upgrade

Vodafone Egypt is planning to invest EGP 9.5 billion in networks over the coming 3 years, its CEO, Ahmed essam said.

Essam added that the company is not against the unified license and supports providing service to customers it could not completely serve and that the company is working with the ministry and the Telecom regulator, NTRA, for equal and unbiased regulations for all cell phone operators.

Regarding the recent fuel subsidy cuts, Essam said that most of the stations works on electricity, and some of it depends on generators and that the stations were directly affected from the power outages in different areas.

He added that the increase in fuel oil prices has directly affected the company’s costs. However, the company did not file a request to the Telecoms regulator to increase the prices nor did they change the company’s price plan and that Vodafone is focused on providing a good level of services in light of the current situation.

Essam denied that the company received any letters from any governmental authority to impose any new taxes on cell phone services.