ABU DHABI: Afghan telecoms group Roshan plans to invest up to $100 million in its home market this year and expects subscriber numbers to grow to 5.75 million as it expands into new areas.
Chief Executive Karim Khoja also said the company planned to offer third-generation (3G) services in the war-battered country and the roll-out was expected to start in the next six to 12 months.
“We invest between $50 to $100 million annually and we will invest from retained earnings,” Khoja said in an interview at a telecoms conference in Abu Dhabi.
“We have sufficient cash flow now.”
The telecom company — 51 percent owned by the Aga Khan Fund for Economic Development, 36.75 percent by Cable & Wireless Communications and 12.25 percent by Swedish group TeliaSonera — is profitable, he said.
via http://arabnews.com.
Related: http://www.akdn.org/akfed – http://roshan.af/Roshan/Home.aspx
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