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Company bans meal deliveries, uses e-mail to make decisions
Company increases bandwidth of fixed broadbands by 20% for 30 days
The agreements were signed by Adel Hamed, managing director and CEO of Telecom Egypt, Hisham Arafat, chairperson of Amer Group, and Mohamed El Sayed, chairperson of the Porto Group.
TE has appointed Hermes and Citibank to define investment alternatives for its stake in Vodafone Egypt in light of Saudi STC’s agreement with Vodafone International to acquire its stake in Vodafone Egypt for $2.4bn.
Telecom Egypt said earlier it appointed an investment bank to consider options for the company following Vodafone Group’s intention to divest its stake in Vodafone Egypt.
Project’s cost amounts to EGP 500m, to be completed in October: source
STC and Vodafone International Group agreed to sell the latter’s majority stake in Vodafone Egypt to STC for $2.4bn.
TE has pre-emption right to purchase Vodafone International’s stake in Vodafone Egypt after STC $2.39bn acquisition offer for Vodafone Egypt
“We Pay” application launched as part of the company’s digital services plan, says Hamed
Net profit recorded a decline of 8% compared to the same period last year to reach EGP 3.2bn due to the cost of the early pension programme and the growth of the Bharti deal.
Barcelona-Telecom Egypt and Ericsson (NASDAQ: ERIC) announce the upgrade of Telecom Egypt’s Cloud Core Network to be 5G ready. Telecom Egypt had gone live in September 2017 with Ericsson virtual Evolved Packet Core deployed on Ericsson’s proven Network Functions Virtualization infrastructure (NFVI). The solution is prepared for 5G and enables Telecom Egypt to improve speed, …
Company could consider selling their stake if it reaches “critical mass”
Altibbi, the MENA’s largest digital health platform, announced Thursday the launch of its “One Million Free Medical Consultations” initiative which aims to provide free medical advice via voice calls, text messages, and mobile application. The initiative will be conducted in partnership with Telecom Egypt, T20 Egypt, the Health Ministry, and the Communications and Information Technology …
Vodafone Egypt owes TE EGP 6bn in retained profits
EGP 8.3bn net debts of the company
Capacity sales’ revenues grew in H1 2018
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.
45% increase in internet service revenues, add 1 million new mobile customers in 2018
Wholesale activity revenues exceed EGP 18bn through 2022
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 …
Revenues of cables unit amounted to EGP 1.1bn in Q1 2018
‘One Africa’ network started 10 years ago, will pass all south, central, east African countries
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 …
Participating in deal of this size emphasises bank’s growth strategy, says Aly
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 …
Company reported 48% year-over-year drop in consolidated profits for Q1
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 internet is new era of internet speed, prices in Egypt, says El Behairy
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 …
Amendment proposed to provide funds for increased investment in submarine cables, says El Beheiry