Egypt’s government-owned telecom has announced that citizens can expect 5G this year.
Telecom Egypt has begun testing 5G services in five locations across the country, aiming for a full rollout later in 2024.
The company says the tests will span three months, followed by a nationwide rollout.
CEO Mohamed Nasr expects the financial impact to be evident by the end of 2024. Already the telecom saw a 48% net profit in 2023, and more subscribers means even better margins, especially with the $150 million hole in its pockets.