Etisalat to invest $817m in network overhaul
UAE ranks number one for the highest FTTH penetration worldwide in 2016
Etisalat CEO has said that the operator plans to invest more than AED 3bn ($817m) in 2017 to develop infrastructure and expand mobile and fibre optic networks across UAE, as reported by Gulf News.
Saleh Al Abdooli, CEO of Etisalat Group, added that the telco has made continuous investments in the last few years amounting to more than AED 28bn to upgrade its networks.
UAE is ranked number one for the highest Fiber to the Home (FTTH) penetration in 2016 among all its global counterparts, according to FTTH Council report.
The council's annual report highlighted UAE with a coverage of 93.7% compared to countries such as Qatar (87.9%), Singapore (85.4%), South Korea (79.8%), Hong Kong (73.7%) and Japan (53.9%).
Al Abdooli said: "This achievement was only possible due to the long term vision of the UAE leadership of development and modernisation."