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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 …
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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 …
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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
TE profits up by 12% in 9 months
Company raised revenues to EGP 13.2bn, up from EGP 9.6bn
TE sells its products and lines on Souq.com
Telecom Egypt (TE) has signed an exclusive cooperation agreement to market its products through Souq.com, a subsidiary of Amazon, to sell its products it. Souq.com is one of the leading online shopping sites in Egypt and the Arab world with more than 8.4 million products in 31 categories, including electronics, cosmetics, household items and household …
“We” attract 1 million clients in its first month, begins fighting for market share
Competition amng the 4 companies will be on main sim card, says Ellaithy
TE added 22,000 new customers to fixed-line services in August
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 …
How much revenues will TE realise by increasing landlines subscription fees?
Telecom Egypt (TE) raised the fees of landlines subscriptions last week starting from October bills. The company attributed the increase to the rise in costs following the float of the pound. This raises the question: how much revenues will be realised from this? TE changed to fees to EGP 15 per month, up by EGP …
Telecom Egypt raises land-line subscriptions and contracts prices
High operating costs behind the increase
Mubasher upgrades Telecom Egypt fair value, recommends buy
The report further noted that TE has benefited from the pound’s flotation
‘We’ logo: amalgamation of the four classical elements
Prepaid cards and logo designs are available on Shutterstock