Etisalat Misr to invest EGP 5 bn in network infrastructure in 2021

Etisalat will spend EGP 5 bn to upgrade its network infrastructure and invest in advanced technologies in Egypt in 2021, CEO Hazem Metwally told Hapi Journal. The company will focus its efforts on improving data transmission, and integrating AI, cloud computing and IoT technology into its network, he said. The network provider previously said it would invest EGP 4.5 bn in modernizing its Egypt network in 2019. Etisalat was recently awarded 20 MHz of new bandwidth by the National Telecommunications Regulatory Authority under a 10-year license. Etisalat’s announcement comes a few days after Orange said it would invest EGP 4 bn on network upgrades over the coming year.