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UAE’s e& Announces Plan to Invest $6bn in 16 Countries to Bolster Connectivity

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Staff Writer, TLR

Published on March 2, 2024, 14:42:16

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UAE, e&, Emirates Telecommunications company, connectivity

UAE-based Emirates Telecommunications Group Company (e&) has announced its commitment to invest $6 billion between 2024 and 2025 across 16 countries to enhance connectivity.

The investment aims to bolster technological advancements, infrastructure development and innovative digital solutions, with the goal of extending meaningful connectivity to all residents.

The pledge was made during the Mobile World Congress at the International Telecommunication Union’s (ITU) Partner2Connect Digital Coalition, as disclosed on the Abu Dhabi Securities Exchange (ADX) on Friday.

The investment is part of the group's business plan and is intended to provide accessible and affordable network connectivity and digital services across its operational countries in Africa, Asia, and the Middle East.

Notably, the Mobile World Congress, held in Barcelona, Spain from February 26 to 29, witnessed the mobile industry committing over $9 billion to support ITU's global connectivity efforts.

This latest commitment adds to the total value of planned investments in infrastructure, services, and ITU's campaign support, surpassing $46 billion since the platform's inception in March 2022.

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