TE’s mobile network ‘We’ – Photo courtesy of YouTube
CAIRO – 28 December 2017: The number of subscribers of Egypt’s recently launched We mobile network has surpassed seven million by the end of 2017, an official source in Telecom Egypt (TE) said Thursday.
He added that TE, which launched the We network, will provide new offers regarding the 4G service and voice calls next year. The company is also preparing to expand in many governorates and open new branches for the We network. It will also pump new investments to develop the infrastructure and expand in new cities as well as the New Administrative Capital.
TE’s Chief Executive Officer Ahmed al-Beheiry said in a statement that the demand on the new network was strong and exceeded expectations. He said that his company has invested LE 6.5 billion, in addition to the license's cost.
The state-owned Telecom Egypt has launched in September its long-anticipated We mobile network to become the fourth mobile network operator in the country.
The three other operators are Vodafone, Orange and Etisalat.
The company offers 2G, 3G and 4G services, using its own network and roaming agreements with Etisalat and Orange. The launch of the network kicked off with strong demand as it offered competitive calls and internet bundles.
TE inaugurated in September its first customer service center in Cairo’s Mohandessin district.
Beheiry said in earlier statements that TE’s entry into the mobile market had been necessary on the back of declining revenues from fixed landlines, which stand at LE 6 billion a year.
The company expects that revenues from the mobile network will constitute some 16 percent of its total revenues in 2022. TE has a monopoly on fixed landlines in Egypt and has more than six million subscribers.