e& Unveils $6 Billion Investment Plan for Enhanced Connectivity in Emerging Economies

e& Unveils $6 Billion Investment Plan for Enhanced Connectivity in Emerging Economies

By Staff Writer, 04 March 2024

e&, a leading telecom company based in the UAE, has announced a substantial investment of $6 billion over the period of 2024-2026 to advance technological infrastructure and digital solutions.

This pledge is part of the International Telecommunication Union’s Partner2Connect Digital Coalition, with a focus on extending meaningful connectivity across Africa, Asia, and the Middle East.

The announcement was made during the Mobile World Congress (MWC), where e& highlighted its dedication to providing accessible and affordable network connectivity and digital services.

The investment aims to benefit 16 operating countries within the company's reach.

Group CEO Hatem Dowidar expressed the company's longstanding commitment to cutting-edge connectivity, emphasizing its role in supporting economically inclusive digital advancements and improving overall quality of life.

He stated, "With Partner2Connect our commitment to building state-of-the-art connectivity has always been part of our DNA. This plays a key role in supporting the advancement of economies that are digitally inclusive while making people’s overall lives better."

Dowidar further outlined the significance of these investments in enhancing customer experiences and facilitating increased economic activities.

He emphasized e&'s mission to drive economic growth, innovation, and infrastructure development, ultimately aiming to reduce inequalities and empower communities in an increasingly connected digital world.

Read More: Accenture Partners with e& to Drive Sustainable Procurement and Net Zero Goals

The investment plan is strategically designed to bolster network accessibility and affordability, particularly in emerging economies.

It will involve expanding network coverage, increasing speed, and improving access in areas where connectivity is limited or costly.

Moreover, e& intends to introduce new financial, health, and educational services tailored to customers in emerging markets, leveraging high-speed connections through fibre or wireless broadband.

The telecom infrastructure will play a pivotal role in enhancing access to essential services such as education, healthcare, government facilities, and economic opportunities, thus contributing to overall societal development and empowerment.

Source: Trade Arabia

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