{"id":597775,"date":"2019-05-05T04:01:26","date_gmt":"2019-05-05T04:01:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/"},"modified":"2019-05-05T04:01:26","modified_gmt":"2019-05-05T04:01:26","slug":"etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/","title":{"rendered":"Etisalat to invest EGP 4.5 bn this year, including EGP 3 bn to modernize network"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Etisalat Misr plans invest in EGP 4.5 bn this year<\/b> including EGP 3 bn to modernize its network, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-economy-etisalat-interview\/etisalat-misr-targets-larger-share-of-revenue-from-internet-services-idUSKCN1SA0B8\">CEO Hazem Metwally tells Reuters<\/a>. The company is also working to grow its internet services revenue, which it wants to see at 35% of total revenues this year (against 30% in 2018) as it works to make up for a falling subscriber base. Etisalat, like other players, has been hit by the government\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/house-passes-fy2018-19-budget\/\">decision to hike regulatory fees<\/a> for new mobile lines by EGP 50. Etisalat is also looking to roll out fixed-line service in the next two years, Metwally said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Etisalat Misr plans invest in EGP 4.5 bn this year including EGP 3 bn to modernize its network, CEO Hazem Metwally tells Reuters. The company is also working to grow its internet services revenue, which it wants to see at 35% of total revenues this year (against 30% in 2018) as it works to make [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[214,72,125,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597775","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit","tag-enterpriseam","tag-investment-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"68f92242-2cff-4380-b73a-ab6087a7a315","is_powered_by":true,"section_story_id":"18178d91-8955-4baa-a3cf-7b625ed68611","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597762],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Etisalat to invest EGP 4.5 bn this year, including EGP 3 bn to modernize network - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etisalat to invest EGP 4.5 bn this year, including EGP 3 bn to modernize network\" \/>\n<meta property=\"og:description\" content=\"Etisalat Misr plans invest in EGP 4.5 bn this year including EGP 3 bn to modernize its network, CEO Hazem Metwally tells Reuters. The company is also working to grow its internet services revenue, which it wants to see at 35% of total revenues this year (against 30% in 2018) as it works to make [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-05T04:01:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Etisalat to invest EGP 4.5 bn this year, including EGP 3 bn to modernize network\",\"datePublished\":\"2019-05-05T04:01:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIT\",\"EnterpriseAM\",\"investment watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/etisalat-to-invest-egp-4-5-bn-this-year-including-egp-3-bn-to-modernize-network\/\",\"name\":\"Etisalat to invest EGP 4.5 bn this year, including EGP 3 bn to modernize network - 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CEO Khaled\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576405,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/23\/etisalat-misr-to-invest-egp-5-bn-in-network-infrastructure-in-2021\/","url_meta":{"origin":597775,"position":1},"title":"Etisalat Misr to invest EGP 5 bn in network infrastructure in 2021","author":"enterpriseam admin","date":"23 November 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638612,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/etisalat-misr-considers-capital-increase-to-fund-capex-amid-high-interest-rates\/","url_meta":{"origin":597775,"position":2},"title":"Etisalat Misr considers capital increase to fund capex amid high interest rates","author":"enterpriseam admin","date":"10 October 2017","format":false,"excerpt":"Etisalat Misr considers capital increase to fund capex amid high interest rates, says MNOs weren\u2019t down with the scratch card price hike: Etisalat Misr is considering a capital increase in the next 3-6 months, said the company\u2019s CEO Hazem Metwally. The move is one of many Etisalat is exploring to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597363,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/earnings-watch-etisalat-misr-reports-egp-7-14-bn-revenues-in-1h2019\/","url_meta":{"origin":597775,"position":3},"title":"Earnings watch: Etisalat Misr reports EGP 7.14 bn revenues in 1H2019","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"EARNINGS WATCH- Etisalat Misr reported revenues of EGP 7.14 bn in 1H2019, compared to EGP 6 bn during 2H2018, according to financial statements seen by Amwal Al Ghad. 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