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Etisalat by e&. to inject up to US$194.4m investment in Egypt in 2024 

Etisalat by e&. to inject up to US$194.4m investment in Egypt in 2024 
Etisalat by e& Chief Consumer Officer (CCO) Ahmed Yahia

UAE telecom operator Etisalat by e& will invest at least US$194.4m into the Egyptian market in 2024, the Chief Consumer Officer (CCO) Ahmed Yahia, said to media reports.

Yahia added that the National Telecom Regulatory Authority (NTRA) is expected to introduce new increases in telecom services before the end of this year.

The senior official said that his company submitted a request to the NTRA to increase the prices of telecom and internet services by marginal rates.

Etisalat Misr rebranded itself in 2022 as Etisalat by e&, in line with the rebranding of e& Group in the Emirati market. In the UAE, etisalat by e & hit  13.9 million subscribers an increase of 5.1 percent compared to the same period of last year, The Group’s aggregate subscribers hit  165 million, a YoY rise of 3.1 percent.

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