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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.”
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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