Telecom Egypt (TE) added 22,100 new customers to its fixed-line services in August, according to a report by the Ministry of Communication and Information Technology. The number of customers increased from 6.25 million customers in July to 6.27 million customers in August.
Despite the growth in the number of customers in August, the number of users is still lower than it was in June when the number of customers reached 6.29 million, which means that TE has lost about 18,900 customers during the period extending from June to August.
TE has amended the value of contracting on a new landline to become EGP 60, in addition to the tax and stamps, a 3-month subscription paid in advance for EGP 45, as well as EGP 10 installation costs, EGP 5 administrative costs, and EGP 6.10 stamp costs, in addition to the VAT.
The company attributed the increase in the subscription price to the increased operation costs, where prices have not increased for 10 years. Moreover, the changes in the price of high-tension cables and investing in ground cable to improve the quality have all added to the costs.
TE has obtained the 4G licence for EGP 5.5bn with a frequency of 15 MHz, in addition to EGP 2.2bn as the value of licences to offer mobile services. The company has launched its mobile services several weeks ago under the commercial name “We”. The company also offers its SIM cards at the main phone centres for EGP 15.