The chairman of telecommunications firm Etisalat says the Emirati company plans to spend more than $15 billion over the next five years to upgrade its international network.
Chairman Mohammed Omran laid out the investment plans on Wednesday at a media conference in Abu Dhabi. He says Etisalat will spend as much as 5 billion dirhams ($1.36 billion) to further outfit its UAE fiber-optic network alone.
Etisalat has expanded rapidly internationally in recent years after losing its monopoly at home.
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