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UAE's Etisalat expects 25 pct revenue from Africa

Mon May 12, 2008 6:30am EDT
 
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CAIRO, May 12 (Reuters) - The UAE's Emirates Telecommunications Corp. ETEL.AD (Etisalat) expects African investments to contribute no less than 25 percent of group revenue in three to four years, its chairman said on Monday.

"I see within three to four years that revenue from Africa will not be less than 25 percent," Etisalat Chairman Mohammed Omran told reporters at a telecoms conference in Cairo.

"We expect to add an additional 4 million customers in one and a half years in west Africa," he added. (Reporting by Wael Gamal and Niklas Mika; Writing by Cynthia Johnston, editing by Will Waterman)

 

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