Etisalat Egypt wins 400,000 subscribers
Cairo, May 30, 2007
The number of subscribers to Emirates Telecommunications Corp.'s Egyptian unit has reached 400,000 since the company began service this month, its chief executive said.
Etisalat, the third-largest Arab telecoms firm by market value, is seeking to almost double the number of its mobile users to 40 million by the end of the year as it expands in Pakistan, Egypt and Saudi Arabia.
Etisalat chairman Mohammed Omran has said 3 million of those users would be in Egypt, where the company won an auction for a third mobile licence.
'Statistics available to now confirm that the number of subscribers to Etisalat's (Egyptian) network has reached 400,000,' Etisalat Egypt Chief Executive Saleh al-Abdouly said in the interview in Al Alam Al Youm daily.
Etisalat Egypt was planning to spend 6 billion to 8 billion Egyptian pounds ($1.1-$1.4 billion) over the next three years to boost coverage to 80 percent of Egypt by 2008 and 90 percent by 2009, Abdouly said earlier this month. - Reuters