Orange to invest EGP 4 bn on network upgrades in 2021
INVESTMENT WATCH- Orange will invest EGP 4 bn on network upgrades in 2021, Hisham Mahran, who is chief of Orange’s enterprise segment, told Al Shorouk yesterday. The company will allocate more resources to expanding its data transfer capacity and footprint in financial services, he said, adding that the company spent 80% of its investments this year on expanding its data transmission services to cover more regions across various governorates. Orange currently has a 23% share of the mobile wallet market in Egypt.
Orange missed out on acquiring new bandwidth in the recent government auction, after they were edged out by Etisalat Misr in the race for a 20-MHz band.