Etisalat Misr exceeds end of year subscriber targets

27 Jan 2009

Etisalat Misr, the Egyptian subsidiary of UAE-based telecoms group Etisalat, has announced that it surpassed its subscriber target for 2008, with the cellco reaching seven million customers by the end of the year, according to online portal MEED. The cellco had set a target of 6.8 million sign-ups by end-2008, and its end of year total represented a 126% rise against the same time a year earlier. Etisalat Misr CEO, Saleh Abdooli, has said that the cellco is now aiming to reach ten million subscribers by the end of 2009, and has claimed that the company is on track to generate its first net profit in 2010.

Egypt, Etisalat Misr