Vodafone Egypt nears market leader
The Egyptian unit
of Vodafone may have overtaken Mobinil, last quarter, as the country’s
largest provider of mobile phone subscriptions, data shows.
Egypt’s three mobile operators, the third is a subsidiary of Abu
Dhabi-based Etisalat, are locked in a pricing spiral as they seek to
grab market share before saturation. Total subscriptions in the most
populous Arab country in May declined to 58.3 million in the first
monthly drop in seven months, government data released last week
showed. Vodafone Egypt, which had 25.79 million subscriptions at the
end of June, gained almost 1.2 million during the second quarter,
according to its latest figures.
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