According to Egypt's Communications Minister, Tarek Kamel, the country is currently preparing a USD1 billion plan aimed at boosting internet penetration fourfold in the next four years, Reuters reports. Commenting on the proposals Mr Kamel said: 'Most of the investments...will primarily go in local investment in increasing the local capacity.'
It is understood that such local investment will be ploughed in to a combination of wireless and wired services covering both rural and urban areas, and will follow up the country's investment in international broadband cable systems that is expected to at least double the capacity coming into the country from the current 60Gbps.
The minister also noted that the government is targeting a broadband penetration rate of 20% by end-2013, equivalent to enabling access to connections to around four million households.
As at end-2008 Egypt's broadband penetration stood at just 0.9%, with a total of 696,305 high speed internet subscribers in the country. TE Data, a subsidiary of fixed line monopoly provider Telecom Egypt, dominates the sector, controlling more than half of all broadband subscribers at September 2009, with 479,819.