Photo courtesy of Telecom Egypt official Facebook page
CAIRO - 28 March 2017: Telecom Egypt’s general assembly approved CEO Tamer Gadallah’s departure from the company, official sources t
The assembly came to its decision allowing Gadallah to leave despite the fact that he accompanied Minister of Communications and Information Technology Yasser Al-Qadi to the U.S. to learn about operating 4G telecom services.
TE has acquired a 4G license and is expected to begin offering 4G services. This will mark the company’s entry into the mobile market.
Telecom Egypt (TE)’s board of directors met to choose an alternative for Gadallah and board member Lubna Hilal, who will also be leaving. They will most likely be replaced by Amr Abdel Rashid and Mohamed Barakat.
In addition to Gadallah and Hilal, another five members complete TE’s Board of Directors: Chairman Maged Osman and Hussein Gamal Aldin, Mohammed Shamrokh, Ahmed Al Behairy and Ashraf Halim.
TE’s net profit dropped in 2016, reaching of 2.672 billion EGP compared with 2.999 billion EGP in 2015,
reported March 13.
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