Etisalat Misr boosts funds for mobile network investment; plans fixed line service launch

28 Nov 2018

Egyptian mobile network operator (MNO) Etisalat Misr has reportedly increased its planned 2019 capital investment for infrastructure development to between EGP3.5 billion and EGP4.5 billion (USD195 million-USD251 million). According to Daily News Egypt, which cites comments made by Etisalat Misr’s CEO Hazem Metwally, the cellco has boosted its spending plans as a result of the increased demand for data. Meanwhile, with Etisalat Misr now providing access to its network to Telecom Egypt as part of a local roaming agreement between the two companies, Metwally confirmed that the agreement has now been extended, noting: ‘We have an agreement with Telecom Egypt for five years to provide local roaming services on our network and we are ready to absorb any growth in Telecom Egypt network … The local roaming agreement with Telecom Egypt has been amended to become more satisfactory for both parties, and has been extended to five years instead of three.’

Alongside confirmation of its mobile investment plans, the report also notes that Etisalat Misr is aiming to enter the fixed line market this month, using Telecom Egypt’s infrastructure, as it looks to transition into an integrated communications company.

Egypt, Etisalat Misr, Telecom Egypt