JTG plans JOD120m extra investment

8 Sep 2008

Jordan Telecom Group (JTG) will increase its investments by an additional JOD120 million (USD170.8 million) over the coming four years, Chairman Shabib Ammari told journalists at the weekend. ‘The board of directors has endorsed a comprehensive long-term plan for the coming four years that includes a number of projects… it also includes JOD120 million for additional investments that are not part of the annual regular investments,’ Ammari said. According to the chairman, JTG has budgeted JOD60 million for its regular 2008 CAPEX.

Ammari was speaking at a gathering organised by Orange Jordan to launch its IPTV service, dubbed ‘TV from Orange’. The service was launched in collaboration with Intracom Telecom and Arab Radio and Television Network (ART). The new service provides subscribers with high quality broadcast TV, video-on-demand (VoD), and a host of interactive services such as weather information, as well as news and local information.

Jordan, Orange Jordan