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FINANCIAL NEWS
UAE’s Etisalat to invest USD2.5 b in developing project
26 Feb 2014
(MENAFN) UAE-based Etisalat Group has allocated USD2.5 billion to develop and improve its telecommunication network, fibre optics, and extend its 3G and 4G services to mobile phone users, according to Gulf News.
The company aims to triple the number of its customer at least from now on to the Expo 2020.
Ahmad Julfar, CEO of the group, said: “Etisalat has already started with the steps to meet the requirements of the Smart government, which the UAE is planning for. Among our priorities now is providing comprehensive service via mobile phones for all citizens and residents, so they can finish all their work from their phones.”
Julfar added: “This requires first installing and operating applications and programs that are technologically advanced. Secondly, it requires an expansion of the current network and making it strong enough to accommodate all the needs.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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