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Etisalat to Inject $15bn in its Network

UAE : 17 March 2011

Etisalat has put Dh 5 billion in investments into fibre optics and is planning on Dh 5 billion more.

Etisalat (or Emirates Telecommunications Corporation) is planning for $15 billion in investments to enhance and develop the UAE network over the coming five-year period. According to the chairman of the biggest telecom operator in the UAE, Etisalat will look to extend their network as well.

The telecom giant put Dh 5 billion into fibre optics and is planning on investing the same amount again, stated Mohammed Omran when speaking at the recent Abu Dhabi Media Summit.

Omran noted that fibre optics are the strength of this modern media and are necessary to keep connections up to speed. He added that this is the reason Etisalat sank such heavy investments into fibre and will continue to do so, not just within the UAE, but extending to Saudi Arabia and beyond.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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