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FINANCIAL NEWS
Vodafone to expend USD1.3b on network upgrade
11 Feb 2015
(MENAFN) Egypt-based Vodafone is set to spend USD1.25 billion on network upgrade over the next three years to keep up with data services demands, Gulf Daily News reported.
Investments are to cover buying new equipment, developing base stations and extending coverage to include new areas, CEO said in a statement.
“By end of this fiscal year in March, we would have spent more than USD392 million which equals one third of the allocated investments and also more than 30 percent of our yearly revenues in Egypt,” he added.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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