Lebanese telcos hike prices to stay afloat amid ongoing economic crisis

Lebanon has been going through a major financial crisis since 2019, the effects of which have only been exacerbated by the coronavirus pandemic. The value of the Lebanese pound has collapsed by around 90%, bankrupting the government and crippling the country’s electric grid, which is largely reliant on importing fuel and energy from neighbouring countries.
Naturally, this economic catastrophe has had enormous effects for the country’s telecoms industry, which have rapidly transformed from government-backed cash cows to skeleton operations struggling to keep their networks operational…

read more on TotalTele.com »

Recent Posts