From IT Web Africa

Vodafone Egypt will invest around 9.5 billion Egyptian pounds ($1.3 billion) over the next three years to improve its network, its recently appointed chief executive said.

Vodafone Egypt, majority owned by British mobile operator Vodafone, will finance the plan from existing funds, Ahmed Essam told a news conference in Cairo late on Sunday.

Vodafone Egypt, which is also 45% owned by fixed-line telecoms firm Telecom Egypt, is the leading communications player by customer numbers in the country of 86 million.

Egypt is finalising the details of a long-awaited unified licence which will allow firms to offer both mobile and landline telecommunications.

To gain access to Telecom Egypt’s fixed line network is expected to cost 100 million pounds.

Vodafone Egypt is still studying the possibility of offering landline services and has not reached a decision, Essam said. 

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