Sunday 24 July 2011

Road to recovery a long one for Egypt - The National

Egypt's economy may have moved on from the revolution's most chaotic days. But the impact of the unrest continues to be felt.

Telecommunications, for example, still faces an ongoing drop in revenues.

Khaled Hegazy, Vodafone Egypt's director for external affairs, offers a snapshot of the initial impact. 'We had over 900 base stations that were completely shut down and looted,' he says. 'Six branches, including our flagship store, were completely destroyed. We incurred a massive hit over a short period of time.'


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