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TE invests $3bn to upgrade its infrastructure over five years: CEO
“We Pay” application launched as part of the company’s digital services plan, says Hamed
Telecom Egypt achieves revenues of EGP 19bn in 9M 2019
Net profit recorded a decline of 8% compared to the same period last year to reach EGP 3.2bn due to the cost of the early pension programme and the growth of the Bharti deal.
Telecom Egypt and Ericsson go live with 5G Cloud Core Network
Barcelona-Telecom Egypt and Ericsson (NASDAQ: ERIC) announce the upgrade of Telecom Egypt’s Cloud Core Network to be 5G ready. Telecom Egypt had gone live in September 2017 with Ericsson virtual Evolved Packet Core deployed on Ericsson’s proven Network Functions Virtualization infrastructure (NFVI). The solution is prepared for 5G and enables Telecom Egypt to improve speed, …
Telecom Egypt has no plans to sell Vodafone stake in medium term: source
Company could consider selling their stake if it reaches “critical mass”
Altibbi, Telecom Egypt, T20 Egypt launch One Million Free Medical Consultations initiative
Altibbi, the MENA’s largest digital health platform, announced Thursday the launch of its “One Million Free Medical Consultations” initiative which aims to provide free medical advice via voice calls, text messages, and mobile application. The initiative will be conducted in partnership with Telecom Egypt, T20 Egypt, the Health Ministry, and the Communications and Information Technology …
TE expands outwardly, establishes largest data centre for foreign investors in 2019: CEO
Vodafone Egypt owes TE EGP 6bn in retained profits
57% increase in TE’s debts in H1 2018
EGP 8.3bn net debts of the company
TE secures EGP 22bn worth revenues from long-term contracts with mobile operators
Capacity sales’ revenues grew in H1 2018
Telecom Egypt concludes acquisition of Middle East, North Africa Submarine Cable
Telecom Egypt had announced in August the signing of a memorandum of understanding (MoU) with Airtel, wherein, Telecom Egypt will bundle MENA’s assets with existing assets of the TE network.
TE attains EGP 10bn as revenues in H1
45% increase in internet service revenues, add 1 million new mobile customers in 2018
Telecom Egypt is investing in infrastructure to secure long-term returns
Wholesale activity revenues exceed EGP 18bn through 2022
Submarine cables are one of Telecom Egypt’s hubs
The submarine cables are a major source of revenues and profits for Telecom Egypt (TE). TE operates about 17 submarine cables, as well as acquiring Menacables from Orascom Telecom, Media, and Technology two months ago. The cable activity began in Egypt in 1901, when the first cable was laid to transfer telegraphs from Asia to …
International carriers are second largest source of Telecom Egypt revenues
Revenues of cables unit amounted to EGP 1.1bn in Q1 2018
TE, Liquid Telecom announce signing MoU to enable completion of first fibre network from Cape Town to Cairo
‘One Africa’ network started 10 years ago, will pass all south, central, east African countries
Telecom Egypt, Etisalat Misr sign two agreements for national roaming, mobile interconnection
Telecom Egypt and Etisalat Misr announced the signing of an amendment of the national roaming agreement sealed in June 2017. The amendment provides better financial and service quality terms availing improved commercial conditions for Telecom Egypt. The latter is a result of the development of the volume of Telecom Egypt’s data traffic. The new agreement …
Telecom Egypt signs $200m financing deal with Afreximbank, managed by ADIB
Participating in deal of this size emphasises bank’s growth strategy, says Aly
Telecom Egypt’s EISCC buys MENA-SCS for $90m
Telecom Egypt has announced that its 50% subsidiary, the Egyptian International Submarine Cables Company (EISCC), has completed an agreement with Orascom Telecom Media and Technology Holding (OTMT) for the purchase of OTMT’s shareholding in Middle East and North Africa Submarine Cable System (MENA-SCS) for a total value of $90m. The transaction aims to be concluded …
Vodafone’s shrinking bottom line, debt burden trims Telecom Egypt profitability: report
Company reported 48% year-over-year drop in consolidated profits for Q1
TE board of directors approves MENA Submarine Cable Systems acquisition
The board of directors of Telecom Egypt (TE) approved the acquisition of MENA Submarine Cable Systems, in line with the company’s strategy to expand in the field of submarine cables. MENA Submarine Cable Systems will be a part of TE’s network, which will connect a large swathe of the world from the east to the …
WE introduces 100 Mbps ADSL package
WE internet is new era of internet speed, prices in Egypt, says El Behairy
TE aims to increase contribution of marine cables, data centres to revenues by 25%
Mohamed Sameh, corporate sector manager at Telecom Egypt (TE), said that the company plans to boost the contribution of data centre services and other value-added services like hosting, cloud computing, and other services to the business sector’s total revenues by up to 25% in the coming five years. TE revealed several days ago that there …
Telecom Egypt cuts dividends on shares to EGP 0.25
Amendment proposed to provide funds for increased investment in submarine cables, says El Beheiry
TE ranks among largest 300 communication brands globally
Brand Finance has ranked Telecom Egypt (TE) among the world’s largest 300 companies in the field of IT and communication in terms of market value. TE ranked 201st globally, falling from last year’s 152nd spot. Meanwhile, US-based AT&T topped the most valuable communication companies in the world, with a market value of $82.4m, followed by …
TE provided voice services for Vodafone Egypt worth EGP 1.5bn in 2017
Value of messaging services from TE to Vodafone last year reached EGP 1.1bn
Telecom Egypt total revenues increased 33%
Telecom Egypt (TE) announced its financial results for the year 2017, according to consolidated financial statements prepared in accordance with Egyptian accounting standards. The company achieved unprecedented financial and operational performance, especially after the successful launch of its WE mobile network. The company’s total consolidated revenues for the fiscal year (FY) that ended on 31 …
2.3m subscribers to Telecom Egypt mobile services
Telecom Egypt (TE) attracted 2.3 million subscribers to its mobile services in less than three months, from when the service was launched in mid-September 2017 to the end of that year. According to analysts in the capital market, Telecom Egypt, at the beginning of its entry into the mobile market, relied on the human tendency …
TE settles dispute with Etisalat Egypt for $48m
Telecom Egypt (TE) has signed an agreement to settle its dispute with Etisalat Egypt, regarding international call services, for $48m. TE said in an Egyptian Exchange (EGX) report on Tuesday that according to the meeting, the dispute was settled, as the company will pay $48m to avoid the potential risks estimated to be worth nearly …
TE approves 2018 budget, targets high single digit in revenue growth
The company aims to achieve 30% capital expenditure to sales ratio
Telecom Egypt raises outsource technicians’ salaries starting January
According to an outsource technician at TE Data, the company’s executive managers met with technicians at its call centres to introduce a new working strategy that would save both time and effort.
TE collects EGP 224m from VAT in 2017
Company pumped EGP 1.4bn of investments into mobile services