Paltel sets aside USD70-USD80 million for network investment in 2012

16 Apr 2012

Palestine Telecommunications Company (Paltel), the Palestinian Territories’ monopoly fixed line provider, is to spend between USD70 million and USD80 million in 2012 on improving its fixed and mobile infrastructure. According to ITP.net, which cites comments made by Paltel CEO Ammar Aker to CommsMEA, the funds directed towards its mobile network will only be for 2G equipment, as its cellular unit, Palestine Cellular Telecommunications Company (Palcel), is still awaiting the spectrum required to launch 3G services from the Israeli authorities. In terms of its fixed line investments, the allocated funds are expected to be spent on enhancing fibre-optic infrastructure.