Etisalat to invest USD100 million in Afghan arm

14 Mar 2011

Etisalat plans to invest USD100 million in Afghanistan between 2011 and 2012 and is planning to launch a 3G network later this year, writes Reuters citing a top executive at the company. Etisalat Afghanistan’s Chief Executive Saeed al Hamli said the company expects subscribers to more than double within two to three years, pushing its market share to between 30% and 35%. ‘Our budget is USD100 million dollars for 2011 to 2012,’ al Hamli told reporters. ‘We expect our subscribers to reach six to 6.6 million in two to three years.’

Al Hamli said the company, which has invested USD300 million in Afghanistan since 2007, also plans to acquire an existing internet service provider within the next two months. ‘For us, it is a strategic deal on the enterprise side,’ he said. He added the company plans to launch 3G services this year as soon as it receives a licence. ‘We are waiting for the 3G licence which we are hopeful to get soon…We are ready. We have the technology.’

Afghanistan, Etisalat Afghanistan