Etisalat Misr targets larger share of revenue from internet services

CAIRO: Egyptian telecoms company Etisalat Misr aims to invest heavily in modernising its network this year and book a higher share of revenue from internet services as it works to offset the impact of a fall in its subscriber base, its CEO said.

The firm’s parent company, UAE-based Etisalat, is targeting double-digit revenue growth for the business in 2019, Chief Executive Hazem Metwally also said in an interview with Reuters.

Etisalat Misr’s revenue rose about 16 percent in 2018 to around 13.6 billion Egyptian pounds ($795 million).