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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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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.

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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.

Sara Aggour