Latest in Highlight
Latest in
The challenging environment in telecom sector started in 2017 will continue in 2020
Stronger EGP will support higher profits and lower debt cost
AT&T tops ranking of telecom companies with $87bn
The Brand Finance report listed the top telecom companies in ranking of the value of their brands. The report included only one Egyptian company, Telecom Egypt, which came in the 170th spot amongst 500 companies included in the report. AT&T saw its brand value grow 45% this year to $87 billion, overtaking Verizon as the …
Top 10 telecom infrastructure companies
Brand Finance indicated that Huawei retains the top spot in the table with a brand value of $25bn after growing 28%. The Chinese giant persevered with its efforts to raise its brand profile worldwide. After successfully implementing global marketing campaigns, which include celebrity endorsements, its brand recognition subsequently increased to 81% in 2016, up from …
Yahoo reported near deal to sell core assets
Internet pioneer Yahoo appears close to a deal to sell its core online assets to telecom giant Verizon. Several media reports hinted an official announcement was likely to be made in the course of Monday.
Why mobile operators do not want Telecom Egypt playing their game
Telecom Egypt has acquired nearly 60% of telecommunications profits without a mobile licence
Report: US telecom giant AT&T a key partner in NSA surveillance
Landmarks in the history of Telecom Egypt
Telecom Egypt’s history extends for more than 150 years, and being the first entity to provide communications solutions in the local market, it served as a liaison between Egyptian society and technological development. 1854 was the beginning of the telecommunications sector activity in Egypt and the establishment of the first telegraph line linking Cairo and …
TE aims to increase infrastructure investments to EGP 3bn during 2015
By Mohamed Alaa El-Din Telecom Egypt (TE) allocated EGP 3bn for investments in the infrastructure sector this year, with an increase of EGP 500m than 2014, said Mohamed El-Nawawy, CEO of TE, to Daily News Egypt. According to Nawawy, revenues from marine cables amounted to EGP 1.2bn, with the support of two giant projects with …
Independent union files 4 lawsuits to prevent the disassociation of Telecom Egypt from Vodafone
By Mohamed Alaa El-Din The Independent Trade Union of Workers at Telecom Egypt (TE) filed four lawsuits to stop the disassociation of TE from Vodafone in order to protect workers’ rights and the 5% lobby of minority shareholders. The case has been registered in Cairo and the first hearing was set for the 9 April. …
IBM predicts 50% growth in cloud computing in Egypt by end of 2015
ITIDA and IBM launch 2nd phase of joint-initiative to help telecom SMEs enter new markets
Ministry of Communications and Information Technology is developing new initiatives to improve services and quality of life
The Ministry of Communications aims to implement unconventional solutions to prompt growth for the telecommunications and information technology sector through adding services within projects in partnership with the private sector. The ministry will use the opportunity represented by the consolidated license to restructure telecommunications, achieve a balance between companies, and expand competition for the benefit of the consumer.
Israeli mobile operator Cellcom profit up more than forecast
Cellcom was forecast to earn ILS 86m shekels on revenue of ILS 1.18bn, according to a Reuters poll.
UAE Etisalat profit rises as revenue and subscribers grow
Q1 profit AED 2bn vs AED 1.8bn a year ago
Kuwait’s Zain says sued for $4.5bn over Iraq Telco buy
Reuters – Zain is being sued for $4.5bn over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday. Zain bought Iraqna for $1.2bn from Orascom Telecom in December 2007 after the Egyptian firm dropped out of the running for a long-term mobile licence in Iraq. The …
Sawiris says ready to invest $1bn-$2bn in Telecom Italia: Paper
Sawiris had unsuccessfully attempted to buy a stake in Telecom Italia in 2012
Egypt unified telecom licence to be activated before 30 June: Minister
The licence would allow telecommunication companies to operate fixed-line and mobile networks, which would in turn allow Egypt’s fixed-line monopoly Telecom Egypt to offer mobile services.
Italy says Sawiris welcome to invest in Telecom Italia
Telecom Italia, controlled by Spain’s Telefonica together with three Italian financial companies, is carrying out a 4-billion-euro ($5.5 billion) plan to cut debt and fund investments as it seeks to reverse years of sluggish growth.
OTMT unit secures Telecom Egypt link for MENA cable network
Reuters – Telecom Egypt has sold rights for the use of part of its infrastructure to a subsidiary of Egypt’s Orascom Telecom Media and Technology Holding (OTMT) , bringing the subsidiary closer to launching a submarine cable network. Once completed the Middle East and North Africa Submarine Cable Systems (MENA) fibre optic network will link up Italy, Egypt, Saudi Arabia, Oman and India, the company said in an emailed statement. MENA, which …
Telecom companies approach agreement on TE’s mobile services supply
The three mobile companies pay nearly EGP 1.5bn annually to the NTRA in return for licences granted, in addition to the 1% of total revenues paid to support the Information Technology Industry Development Agency, or “ITIDA”.
Egypt Telecom regulator to issue unified telecoms license
Reuters – Egypt’s telecoms regulator said it had agreed to issue a unified licence allowing a company to operate fixed-line and mobile networks, and had sent the details of its decision to the cabinet for final approval. The move would allow landline monopoly Telecom Egypt to offer mobile services. “(The decision) will achieve needed development and balance in Egypt’s …
Egypt to offer unified Telecoms licence in coming weeks
Reuters) – Egypt’s telecoms regulator said on Thursday it would issue a licence allowing a company to operate fixed-line and mobile networks in the coming weeks, a move that would allow TelecomEgypt to offer mobile services. Hesham el-Alaily, head of National Telecommunications Regulatory Authority, said the licence was nearly ready. “We are in the final stages,” he …
UAE Telco Etisalat fined for blocking rival Du’s promo texts
Etisalat is the bigger player in both of these segments and is seen by analysts as having more to lose from the introduction of the service.
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.
Mobinil continues to register losses
The mobile operator is still struggling with net losses in the second quarter of 2013
Sawiris interested in an Italian telecom investment
The Italian government preference might stand between Sawiris and Telecom Italia
Telecom Egypt aims to redefine the telecom sector
Mohamed Elnawawy, managing director and CEO of te, explained that this new service will give the company a good opportunity to grow, adding that it will have a chance to compete in 85% of the market, from which they are currently excluded, with the mobile license.
Mohamed Elnawawy: “Mutual reciprocity” is the theme of negotiations
Elnawawy stated: “Egypt’s mobile service providers borrow and use Telecom Egypt’s infrastructure for the purpose of providing telecommunication services on the domestic market.
Egypt’s internet will not shut down on June 30: TE Data
Internet service provider managing director says government will not repeat 28 January’s nationwide cut-off of internet services
Saudi cuts access to Viber messenger app
In March, it had told service providers to work with the developers of such applications to “quickly meet the regulatory conditions.”
Orascom Telecom’s shares drop after Altimo withdraws bid
Orascom Telecom shares dropped 2.6% to 4.58 EGP at close on Monday