Etisalat Egypt allocates $318mln for 5G and network expansion

The company is looking forward to launching 5G mobile services in the Egyptian market soon, CEO Hazem Metwally said

  
SIM cards and 3d printed objects representing 5G are put on a motherboard in this picture illustration taken April 24, 2020.

SIM cards and 3d printed objects representing 5G are put on a motherboard in this picture illustration taken April 24, 2020.

REUTERS/Dado Ruvic /Illustration
RIYADH: Etisalat Egypt has allocated EGP5 billion ($318 million) to invest in expanding the network over the next year.

The company is looking forward to launching 5G mobile services in the Egyptian market soon, CEO Hazem Metwally said in an interview with CNBC Arabia.

He expects mobile data usage to grow by 50 percent this year, and the company's revenue growth rate this year to reach 20 percent, with an profit growth rate exceeding that figre.

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