By: Ahmed Allam 

Cairo – Mubasher: Telecom Egypt has spent about $3 billion to improve internet services from 2014 to date, the company’s CEO and managing director Adel Hamed said.

Over the last two years, the state-run telecom operator spent $2 billion on Egypt’s internet infrastructure as part of the government’s plan to achieve digital transformation, Hamed added on the sidelines of a conference held on Monday.

In addition, the company is set to sign an agreement with China Telecom Corp. in the coming period, he revealed.

During the first half of 2019, Telecom Egypt’s profit rose by 3.5% to EGP 2.133 billion from EGP 2.061 billion in the year-ago period.