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Landline Operator Telecom Egypt To Invest $450M In Infrastructure, Mobile

Landline Operator Telecom Egypt To Invest $450M In Infrastructure, Mobile

100 million mobile users are tied to only three private operators in Egypt, according to CCTV Africa. Still the state owned “fixed line” company, Telecom Egypt, is planning to move forward with infrastructural upgrades worth $450 million. This is despite a 31 percent profit decrease, which the firm reported last year.

A 10 percent revenue boost and customer base of 35 million, the report said, is the motivation for the move. ¬†The company also plans to delve further into Egypt’s mobile market as most consumers see no need for home lines.

“Of course I depend on mobile phones. The home lines are not needed any more, [they’re] not convenient like mobile,” Mohem Sayed, a mobile subscriber¬†told CCTV Africa.