Industry Updates

'SAMENA Daily' - News

Vodafone Egypt invests $1.3 billion within 2014-17

The total investments of Vodafone Egypt in local market within 2014-17 are estimated at 10.5 billion Egyptian pounds (US$1.3 billion).

4.5 billion pounds have been pumped during fiscal year 2014-15 and 6 billion pounds are expected to be pumped within the upcoming two years. Those investments are relying on company's self-finance, the official added.

Vodafone Egypt has attained revenues worth 7.14 billion pounds (£589 million) within the first half of fiscal year 2015-16, registering 8.2 percent growth rate.

The business statements of Vodafone Egypt showed that the volume of company's profits before interest rates and taxes recorded around 3 billion pounds dirong the first half of fiscal year 2015-16 compared to 2.9 billion pounds a year earlier.



Source: http://www.zawya.com/story/Vodafone_Egypt_invests_USD13bn_within_201417-ZAWYA20151118042804/#utm_source=zawya&utm_medium=web&utm_content=latest-news&utm_campaign=free-homepage

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