Blocking Internet Cost Egypt At Least $90M, Says OECD
February 3rd, 2011Via: Network World:
The Egyptian government’s five-day block of Internet services cost the national economy at least US$90 million, the Organization for Economic Cooperation and Development (OECD) said Thursday.
The Paris-based organization said telecommunications and Internet services account for between 3 percent and 4 percent of Egypt’s GDP, so the daily loss amounted to around US$18 million.
The Internet block was lifted on Wednesday, but it might be much longer before the true cost of the government’s action on the economy is known.
Related: $1 Billion in Tourism Related Losses
