03 June 2024

Télécom Algérie (Djezzy) invested 8.3 billion Algerian dinars to strengthen the technological infrastructure of its network during the first quarter of the 2024 financial year.

The company’s capital expenditures (CAPEX) focused on increasing network capacity and extending 4G and has now achieved 91.5% coverage. The amount invested by Djezzy in telecoms infrastructure in the first quarter of 2024 represents an increase of 11.8% compared to the first quarter of 2023. It is also higher than the CAPEX of each of the other quarters of the year 2023. This complies with the commitment made by the Algerian State in August 2022, after the nationalization of Djezzy, to maintain the course of growth and guarantee its sustainability and profitability.

During the first quarter of 2024, Djezzy generated a turnover of 26.5 billion dinars, an increase of 10.7% compared to the first quarter of 2023. The company also added more than 800,000 new subscribers to reach a total of 16 million.