Latest in Tag: Telecom Egypt Highlight
Latest in Tag: Telecom Egypt
Telecom Egypt agrees to pay EGP 2.5bn for mobile licence
Reuters – Fixed line monopoly operator Telecom Egypt’s board of directors agreed to pay EGP 2.5bn ($356.76m) for a mobile licence, the firm said in a statement on Monday. The telecommunications minister announced last month that Telecom Egypt was offered a mobile licence for EGP 2.5bn but that it would not include new frequencies, such …
Mobile licence offered to Telecom Egypt for $360m: Ministry
It has been waiting to launch a new mobile operation that would complement an existing joint venture with Vodafone and compete with the sector’s two other players.
TE expects mobile subscribers to approach 5m in the first year
The unified telecom licence is expected to be activated before 30 June
Telecom Egypt expects mobile licence in March or April
Reuters – Egypt’s landline monopoly Telecom Egypt expects a newly-formed government to grant it a licence to provide mobile services this month or next, the state-controlled company’s chief executive said on Wednesday. Telecom Egypt has been relying on its data business to boost revenue and has been waiting to launch a new mobile operation that …
Telecom Egypt to connect CIB branches using fiber optic technology
The fiber-optic infrastructure would provide CIB data network with data speed of 10 gigabytes per second.
Mobinil expected to see profitability in 2015 and plans to invest EGP 2.5bn in the coming year: Managing director
Mobinil Managing Director Ive Gotieh stressed the need to settle all monetary disputes with Telecom Egypt before the latter will provide mobile services. Gotieh stresses that this action will help to maintain “fair competition in the domestic market.”
NBE and Telecom Egypt sign agreement for fiber-optics upgrade
The telecommunication company will be responsible for providing infrastructure for entiree network as well as securing all banking data.
Telecom Egypt to update Al-Ahli Bank information network for EGP 90m
TE and Al-Ahli Bank sign agreement to update the latter’s information network using fiberoptics at a cost of EGP 90m for five years
Northern submarine cables route comes online
Route starts from Abu Talaat in Alexandria to protect the cables that cross Egypt from Asia to Europe and vice versa
Telecom Egypt hopes to win mobile licence this year
The company reported a 16% increase in revenue and a 2.3% rise in net profit in the third quarter compared with the same period last year.
Telecom Egypt denies sale of Vodafone shares
Telecom Egypt chief executive officer Mohamed El-Nawawy comments on incorrect media reports
LINKdotNET warns of Ramadan blackout risks
Summer season strains Telecom Egypt’s central servers, potential drag on nationwide internet performance
ETA reveals top 10 taxpayers for FY 2012-2013
Banks dominate list
Vodafone Egypt hit hard due to lack of foreign currency
Resorts to paying some suppliers in Egyptian pounds
TE Data awarded ISO certificate for cyber security
Improving cyber security is one of our top priorities: TE Data CEO
Mobinil appeals verdict
Mobinil says it respects court decisions but stands by employees’ innocence
Telecom Egypt employees sceptical of new appointment
Employees of Telecom Egypt have met the appointment of the company’s new non-executive chief officer, Omar El-Sheikh, with muted approval. “I am neutral towards the appointment but hopefully he might meet our expectations,” the president of Telecom Egypt independent workers syndicate, Mohammed Helmy, said. Omar El-Sheikh was public relations director at Vodafone Egypt, he has …
Telecom Egypt Board reshuffle sparks reactions
By Islam Serour The new reshuffle within Telecom Egypt’s (TE) board of directors has been met by discord from the company’s workers, as calls for protests against the reshuffle after the Eid holidays have circulated on Facebook and twitter. The reshuffle was applauded by Hani Mahmoud, Minister of communication and information technology, in a press …
MVNO to be decided next week
By Islam Serour Engineer Hany Mahmoud, Minister of Communication and Information Technology, stated in a press conference Thursday at the Smart village in Cairo, that the ministry will decide on the Mobile Virtual Network Operator (MVNO) offer after meeting with the board of the National Telecom Regulatory Authority (NTRA) scheduled for next week. He indicated …
Telecom Egypt sees businesses investing again
By Tom Pfeiffer / Reuters CAIRO: Landline monopoly Telecom Egypt expects to maintain its profitability this year as it presses ahead with cost cuts and business clients look again at investing after a turbulent 2011, company executives said on Thursday. Telecom Egypt reported fourth-quarter net profit of LE584 million ($96.8 million), up 0.5 percent from a …
Telecom Egypt sees annual profit in line with 2010
CAIRO: Telecom Egypt expects to maintain profitability in the full year in the face of economic turmoil, as the start-up of a cable project in the final quarter boosts wholesale revenues, company executives said on Monday. The company earlier reported a 21 percent decline in third-quarter net profit to LE 622.7 million ($104.2 million) as …
Telecom Egypt IPO raises $892 million, valued at $4.6 billion
Telecom Egypt (TE) raised LE 5. 132 billion ($892 million) from its initial public offering, valuing the company at $4. 6 billion on the London and Cairo exchanges where it will begin trade next week, it said on Thursday.
