French giant ups Egypt investment

France Telecom is expanding its presence in Egypt; adding 400 staff to its headcount in the country and creating a research and development (R&D) centre in Cairo.

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By  Administrator Published  April 12, 2007

France Telecom is expanding its presence in Egypt; adding 400 staff to its headcount in the country and creating a research and development (R&D) centre in Cairo.

The announcements were made following a three-day trip made by Didier Lombard, chairman and CEO of France Telecom, to Egypt earlier this month. Lombard said the company is looking at greater investment in the region generally.

"I always said that the growth opportunities of France Telecom are focused on this part of the world because it's a region where the growth rate is one of the highest," Lombard told reporters during his trip. "Egypt can be a good start, a good basis to make this investment."

The R&D centre, which will be part of the phone giant's network of Orange Labs around the world, will closely interact with the group's teams at Orange Business Services and Egyptian mobile operator Mobinil, in which France Telecom has a 71.3% stake.

The company did not supply a date for the opening of the centre.

France Telecom said it also plans to recruit 400 more staff at its Orange Business Services Centre in Cairo; bringing the total headcount at the centre, which it opened in 2004, to 1,500 by the end of this year. The facility is the largest of France Telecom's three global centres.

Customers supported at the centre include Arab investment bank EFG Hermes and Egypt Air.

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