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Thursday, 13 February 2020

Orange Egypt to invest EGP 4 bn in 2020 to upgrade network

INVESTMENT WATCH- Orange to invest EGP 4 bn this year in upscaling network: Orange Egypt are planning to invest EGP 4 bn this year in network improvements, the company said in a press release carried by Masrawy. This would bring the total investments of the company in the past 20 years (including from back in the time when it was Mobinil) to EGP 60 bn. The mobile network operator recently signed a USD 135 mn contract with the New Administrative Capital Company for Urban Development (NACCUD) to establish, operate, and manage the new capital’s data center.

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