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Vodafone is testing landlines with TE - Daily News Egypt

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Vodafone is testing landlines with TE

Vodafone Egypt started testing landline services in cooperation with Telecom Egypt (TE), according to Ayman Essam, head of Vodafone Egypt’s foreign and legal affairs department. Essam told Daily News Egypt that the company has not made a decision about the introduction of landline services, but is still studying it, given that landline services are not …


Vodafone Egypt started testing landline services in cooperation with Telecom Egypt (TE), according to Ayman Essam, head of Vodafone Egypt’s foreign and legal affairs department.

Essam told Daily News Egypt that the company has not made a decision about the introduction of landline services, but is still studying it, given that landline services are not profitable, but could improve revenues if included in bundle packages.

The four telecommunication companies—TE, Vodafone, Orange, and Etisalat—paid the Egyptian government some $1.1bn, in addition to EGP 10bn, for the 4G license.

The total value of 4G and landline services license for Orange amounted to $495m, while for Etisalat the 4G license came at a price of $535.5m and landline services for $11.26m.

As for Vodafone, the company paid $335m for the 4G license and $11.26m for landline services.

Vodafone Egypt has achieved revenues of €235m in the third quarter of fiscal year (FY) 2017/2018, achieving growth of 17.7% against the same period last year.

Vodafone’s FY begins in April and ends in March each year.

Vodafone Egypt plans to adopt an expansionary policy based on increased investment over the next three years by 10% compared to what has been pumped since 2015 through 2017 with a total of EGP 10bn starting from 2018 to 2020 at an average of EGP 3-3.5bn per year.

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https://www.dailynewsegypt.com/2018/07/17/vodafone-is-testing-landlines-with-te/
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