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Etisalat Egypt continues to lose customers to competitors

Etisalat Egypt continued to lose more of its customers in similar fashion to recent months. The Ministry of Communications and Information Technology (MCIT) report, showing data from December, showed that the company has lost nearly 500,000 clients to other competitors. According to the report, the number of Etisalat Egypt’s customers declined from 23.1 million in …

Mohamed Alaa El-Din

10 banks offer EGP 6bn syndicated loan to Etisalat Egypt

A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …

Daily News Egypt

Etisalat Egypt revenues decline to $898.5m in past 9 months

By Muhammad Alaa El Din Etisalat Egypt’s revenues declined over the past nine months to $898.5m, compared to $953m during the corresponding period last year, acquiring about 8% of the total revenue, according to financial indicators of Emirates Telecommunications Corporation, listed in the Abu Dhabi stock market. With these revenues, the company’s branch in Egypt …

Daily News Egypt

Competition set to rise in Egypt’s telecoms industry

By Oxford Business Group A new licence system governing Egypt’s fiercely competitive telecoms sector is expected to be rolled out within weeks, paving the way for mobile and fixed-line operators to vie for each other’s business. While the country has a large consumer population, as penetration has passed 100%, telecoms players have faced an increasingly …

Daily News Egypt

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