Telecom Egypt

Egypt sells 9.5% stake in Telecom Egypt in a $121M deal

Sun, 14 May 2023 - 11:52 GMT

The volume of requests received in the first tranche reached more than 504 million shares, which is around 3.11 times more than the total shares offered.

Telecom Egypt might add additional 10% stake on Egyptian Exchange

Thu, 11 May 2023 - 05:44 GMT

As early as this week, the company will begin a book-building process for institutional investors, with shares expected to be listed on the Egyptian stock exchange

Telecom Egypt completes 2Africa subsea cable installation

Thu, 11 May 2023 - 04:23 GMT

The 2Africa subsea 45,000 km cable system is designed to deliver seamless international connectivity solutions and boost internet connectivity

Telecom Egypt issues explanatory statement regarding offering new stake in stock exchange

Tue, 07 Mar 2023 - 03:41 GMT

The Egyptian company explained that the main shareholder's thinking of offering part of Telecom Egypt came within the framework of what was included in the state ownership policy document on maximizing government resources through the assets owned by it.

Egypt offers to sell 10% of government's stake in Telecom Egypt

Mon, 06 Mar 2023 - 02:50 GMT

The government owns 80 percent of Telecom Egypt's shares, and 20 percent is traded on the Egyptian Stock Exchange (EGX).

Telecom Egypt to connect 90% hospitals to provide remote treatment

Tue, 10 Jan 2023 - 05:22 GMT

Telecom Egypt is working to connect 90 percent of Egyptian hospitals to provide treatment, medical and diagnosis services remotely.

Telecom Egypt, Grid Telecom to build subsea cable connecting Egypt, Greece

Wed, 14 Dec 2022 - 01:06 GMT

The agreement was by Managing Director and Chief Executive Officer at Telecom Egypt, Adel Hamed, with chairman & CEO of Independent Power Transmission Operator (IPTO), Manousos Manousakis.

Telecom Egypt successfully completes basic tests to operate embedded chips "eSIM"

Thu, 15 Sep 2022 - 03:39 GMT

The eSIM service allows customers to keep the line without the need to put the traditional chip in mobile devices.

Telecom Egypt, Grid Telecom cooperate to build submarine cable linking Egypt, Greece

Tue, 21 Jun 2022 - 12:45 GMT

This agreement comes within the framework of Telecom Egypt's vision and expansion strategy to enhance its international infrastructure, expand its networks and multiply access points within the Mediterranean.

Telecom Egypt, Greece's Grid Telecom sign MoU on submarine cable systems linkage

Thu, 10 Feb 2022 - 03:28 GMT

Managing Director and CEO of Telecom Egypt Adel Hamed, and Chairman and CEO of the Independent Power Transmission Operator (IPTO) Manos Manousakis signed the MoU in the presence of the two ministers.

Vodafone Egypt receives initial offer to transfer its stake to Vodacom

Wed, 10 Nov 2021 - 03:21 GMT

The commitment of Vodacom to the deed of adherence of the shareholders’ agreement as was reported to us by Vodafone Egypt confirms Vodafone Groups’ commitment to the strategic partnership with Telecom Egypt and the Egyptian market.

Telecom Egypt secures $500M loan to support its capital expenditure

Sun, 24 Oct 2021 - 12:26 GMT

First Abu Dhabi Bank PJSC (“FAB”) and Mashreq Bank PSC (“Mashreq”) were mandated as Joint Coordinators, Underwriters, Bookrunners, and Initial Mandated Lead Arrangers of the facility, similar to the medium-term syndicated loan obtained in October 2018.

Telecom Egypt plans to obtain $500M loan

Sun, 03 Oct 2021 - 12:29 GMT

The company has appointed First Abu Dhabi Bank and Mashreq Bank to arrange the planned loan, which is expected to have a six-year term.

Oxford Business Group teams up with Telecom Egypt for launch edition of new research tool

Wed, 28 Apr 2021 - 09:19 GMT

Egypt’s ICT sector will also be the focus of a Covid Recovery Roadmap (CRR) report by OBG, including a case study on Telecom Egypt’s experience.

Telecom Egypt, Sudatel sign MoU for cooperation in field of int'l connectivity

Wed, 14 Apr 2021 - 02:33 GMT

The MoU aims to achieve optimal utilization of the terrestrial network that connects the two countries and develop it with the latest technologies to support the transportation of international traffic.

Telecom Egypt records net profit of LE4.9B, consolidated revenue hikes 24%

Wed, 24 Feb 2021 - 03:36 GMT

The company added that its consolidated revenue reached LE 31.9 billion during 2020, with an annual increase of 24 percent.

Telecom Egypt cooperates with IBM to promote digital transformation

Tue, 09 Feb 2021 - 03:46 GMT

This cooperation comes within the framework of Telecom Egypt’s strategy to achieve growth by developing and modernizing the infrastructure to provide computing services, infrastructure services and software services.

Telecom Egypt, Google sign agreement to offer secure int'l services

Mon, 04 Jan 2021 - 01:43 GMT

Under the agreement, Google will obtain international capacities for Europe through the TE North submarine cable system owned by Telecom Egypt.

Telecom Egypt, Ericsson ink deal on updating int'l portal

Wed, 28 Oct 2020 - 11:39 GMT

The agreement was signed during a video conference by Telecom Egypt Managing Director and CEO Adel Hamed and President of Ericsson in the Middle East and Africa region Fadi Pharaon.

Egypt Telecom builds Egypt's largest int'l data centre

Sun, 25 Oct 2020 - 12:48 GMT

The center is expected to be commissioned by the beginning of 2021, with access to all the global submarine cable systems that land in Egypt.