FINANCIAL NEWS

Egypt’s Vodafone records USD524m revenues in March

25 May 2015

(MENAFN) Egypt’s telecom arm Vodafone posted USD524 million revenues for the fourth quarter of 2014-15 financial year, which ended back in March, Amwal Alghad reported.

The yearly growth rate for the revenues of Vodafone Egypt reached 3.4 percent compared to the corresponding period back in 2014. Presently, the company targets a USD587.78m investment to expand its network.

According to the Ministry of Communication and Information Technology, Vodafone now owns 41.5 percent of the market share with total 39.5 million subscribers.

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