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Vodafone Plans $1.3 Billion Investment in Egyptian Network

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Vodafone Egypt expects to spend around USD1.3 billion on network upgrades over the next couple of years, the Cairo Post has reported.

It said the investment would take place by 2017, and would focus on improving both network speeds and reliability.

Egypt's ICT Minister reportedly met with Vodafone's regional CEO, Serpil Timuray  and Vodafone Egypt's CEO Hatem Dowidar to discuss the industry issues in general.

The three were also said to have discussed the threat by Vodafone to take the government to international arbitration over the handling of the granting of a MVNO license to Telecom Egypt.

Vodafone has previously said that the rules as planned would give the state-owned telco an unfair market advantage over the mobile networks.

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Tags: vodafone  Egypt