Telecom Egypt

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.

Telecom Egypt records profits of LE 2.06B in 1st half of 2020

Thu, 13 Aug 2020 - 12:40 GMT

The company's financial indicators revealed that revenues hit LE 14.94 billion during the first half of 2020, up from LE 12.69 billion in the same period of 2019, with a growth of 18 percent.

Telecom Egypt, Etisalat Misr sign 2 new agreements

Mon, 01 Jun 2020 - 11:50 GMT

The first agreement entails a development of Telecom Egypt transmission and infrastructure services' commercial model with Etisalat Misr.

TE provides isolation hospitals nationwide with free landline internet

Thu, 16 Apr 2020 - 11:15 GMT

In a statement on Thursday, Telecom Egypt CEO Adel Hamed said the company is exerting strenuous efforts to support the state in the face of the pandemic.

Telecom Egypt to decrease WE Ardy 35 bundle subscription fees from LE 35 to 20

Thu, 02 Apr 2020 - 03:32 GMT

Under the offer, the subscribers will enjoy unlimited calls to land line and WE mobile users.

Telecom Egypt increases capacity of landline internet packages 20%

Tue, 17 Mar 2020 - 01:55 GMT

This step coincides with the decision to suspend schools and universities for a period of two weeks as part of the precautionary measures taken by the state to confront coronavirus.

Telecom Egypt wins 2019 top infrastructure services provider

Tue, 03 Mar 2020 - 08:46 GMT

Telecom Egypt has won 2019 top infrastructure services provider award at bt100 Awards, Tuesday.

Telecom Egypt records profits of LE 4.4B in 2019

Thu, 20 Feb 2020 - 02:15 GMT

During the fourth quarter, the company turned into profitability, reaching consolidated profits of LE 1.2 billion, compared to a loss of LE 209.25 million during the same quarter of 2018.

Anti-monopoly body probes legality of Telecom Egypt’s bid for acquisition of Vodafone

Thu, 13 Feb 2020 - 10:12 GMT

The anti-monopoly body said it had received a formal request from Vodafone Egypt to investigate the legality of such move.

TE mulls all options as regards its Vodafone Egypt stake

Thu, 06 Feb 2020 - 12:47 GMT

The move comes following Saudi Telecom Company (STC) bid to acquire the 55-percent stake of Vodafone Group (VOD.L) in Vodafone Egypt.

Telecom Egypt reveals updates on its stake in Vodafone Egypt

Wed, 05 Feb 2020 - 11:50 GMT

“The company’s main goal is to ensure that its shareholders gain the maximum benefit out of the opportunities currently presented.”