Vodafone Egypt fined 500,000 euros for coverage outage

Vodafone is the leading provider in Egypt, servicing 40m of the country’s more than 100m mobile phone lines. (File/Reuters)
Updated 10 June 2019

Vodafone Egypt fined 500,000 euros for coverage outage

CAIRO: Egyptian authorities said Monday they had fined the national branch of mobile phone giant Vodafone 500,000 euros over a coverage outage last week just ahead of the Eid Al-Fitr holiday.
The National Telecommunications Regulatory Authority (NTRA) said it made the “unprecedented” move after services dropped “for several hours, in multiple regions” on June 3 just before the holiday which marks the end of Ramadan, the Muslim holy month of fasting.
Vodafone is the leading provider in Egypt, according to official figures, servicing 40 million of the country’s more than 100 million mobile phone lines.
It is positioned ahead of three other national operators: Orange, Etisalat and We.
NTRA also stressed “the need to compensate subscribers affected by this interruption.”
Many Vodafone Egypt users have taken to social media to voice their dissatisfaction.
The company on Thursday sent a text message to users apologizing for “the network’s performance” and offering up free Internet packages as compensation.


Argentine economy minister resigns amid deepening crisis

Updated 6 min 32 sec ago

Argentine economy minister resigns amid deepening crisis

  • The country’s peso ended the week having shed 20 percent of its value against the US dollar

BUENOS AIRES: Argentina’s Economy Minister Nicolas Dujovne resigned after a week of economic tumult caused by President Mauricio Macri’s defeat in a primary poll ahead of a general election.

Dujovne will be replaced by Hernan Lacunza, economy minister for Buenos Aires province, Argentine media reported.

The country’s peso ended the week having shed 20 percent of its value against the US dollar as both Fitch and S&P cut the South American country’s long-term credit rating, citing increased uncertainty and a rising risk of default.

Dujovne said, in a letter posted on the website of La Nacion newspaper, he was “convinced that, under the circumstances, the (government’s) management needs significant renewal in the economic arena.”

He leaves in the middle of a deepening economic crisis following last Sunday’s primary elections in which market-friendly Macri was dealt a huge blow in his bid for re-election when he polled 15 points less than center-left Peronist candidate Alberto Fernandez.

The primaries serve as a bellwether for general elections in October. Dujovne’s announcement marks the first change in Macri’s Cabinet since voters went to the polls.

Fitch, which downgraded Argentina’s credit rating two notches to “CCC,” said the center-right’s defeat “increases risks of a break from the policy strategy of the current administration of Mauricio Macri guided by a program with the IMF.”

Fernandez, now the clear favorite to unseat Macri, has questioned the reform program backed by a $56 billion rescue package from the International Monetary Fund.

Standard & Poor’s dropped Argentina’s rating a single grade from “B” to “B-.”

“My resignation is consistent with a government and political space that listens to the people and that acts accordingly,” Dujovne said, in a clear message to the Argentine electorate.