(Ecofin Agency) - Vodafone Egypt is all set to launch 4G in the country, its CEO Stefano Gastaut told Menafn.

The head of the Egyptian subsidiary of British Vodafone said only the approval of the National Telecommunications Regulatory Authority (ANRT), is left for the firm to launch 4G. With the arrival of mobile operator Telecom Egypt, Stefano Gastaut promised a continuous investment in his company’s network, in spite of actual economic conditions.

“We did not change our investment policies, especially in terms of developing the network. Investing in 4G is not limited to paying a fee for the licence, as we have been developing our network for the past two years to be ready for when the service is enabled (…) Successful companies do not invest when the stars align, but they invest in preparing to seize opportunities. Vodafone knew this technology would be coming sooner or later and worked to prepare to obtain the licence. This is the result now: we are 100% ready to launch the service and at the highest possible quality,” Gastaut said.

Vodafone Egypt obtained its 4G licence on October 16, 2016, for $335 million. The firm also got a virtual licence to provide landline services on Telecom Egypt’s network, for $11.262 million.

Muriel Edjo