Telecommunications Sector Hits Nine-Year Investment High

The telecommunications sector in Jordan reached a significant milestone last year, with total investments soaring to JD347 million the highest in nine years. This surge is attributed to increased investments by companies in network equipment, the establishment of tower sites, and licensing, which have bolstered infrastructure and enhanced the quality of telecommunications services, particularly in the development of fifth-generation (5G) technology. The Telecommunications Regulatory Commission (TRC) reported on Wednesday that investments in the mobile phone sector alone amounted to approximately JD280 million in 2023, reflecting a 7% increase from JD262 million in 2022. Key investments included properties, network equipment, and tower sites, which accounted for 46% of the total sector investments. The remainder was allocated to building improvements, licensing, usage rights, and computer systems. Investments in the fixed communications sector reached JD36 million, representing 84% of total sector investme nts. This included significant spending on infrastructure and network equipment, particularly for expanding high-speed internet services through fiber optic technology. Additionally, data and voice service providers invested around JD8 million, while interconnection service providers contributed JD23 million in 2023. Bassam Sarhan, Chairperson of the TRC, attributed this investment growth to the concerted efforts of all stakeholders in overcoming sector challenges and fostering an environment conducive to investment. He emphasized that the continued expansion of the telecommunications sector aligns with Jordan's Economic Modernization Vision, which seeks to promote competition and establish robust legislative frameworks to ensure the provision of high-quality communication services. Source: Jordan News Agency