The subscriber base of Egypt's state-owned fixed line monopoly Telecom Egypt has reached 7.7 million in January 2003. This constitutes 57 percent growth over October 1999, when the company’s fixed line subscribers amounted to 4.9 million. The number of Telecom Egypt’s wireless subscribers currently stands at 4.5 million.
From October 1999 to October 2002, Telecom Egypt installed 943,000 lines with total investments of 1.5 billion Egyptian pounds ($325 million), putting an end to Cairo’s clogged exchanges and fixed lines waiting lists, according to company officials. — (menareport.com)
© 2003 Mena Report (www.menareport.com )