Etisalat to invest $1.4 bln in Egypt

DUBAI: Abu Dhabi's Etisalat said on Saturday it planned to invest 8 billion Egyptian pounds ($1.41 billion) in its Egyptian unit over the next three years, as it eyes growth in the market.

"Our investment in the network has reached L.E. 8 billion till date, and we expect that we will invest L.E. 8 billion more in the coming three years as networks expansion is a priority for the company," Etisalat Chairman Mohammad Omran said in a statement.