Telecom Egypt
International call traffic and capacity sales also showed substantial gains, with revenues rising by 61 and 90 percent, respectively, compared to the same period last year.
The loan consortium is led by the Commercial International Bank (CIB) and Banque Misr, with the National Bank of Egypt (NBE) serving as the mandated lead arranger.
The company also witnessed a rise in its customer base across all services, with fixed-line telephone and fixed-line Internet subscribers growing by 8 percent annually each.
In a recent report by Umlaut, part of global professional services company Accenture, Egypt’s top network providers were put to the test to see who would come out as the “Best in Test” in broadband and mobile network quality and services.
The partnership comes on the heels of Telecom Egypt securing a 15-year license in January to operate 5G services, underscoring its commitment to advancing Egypt's digital transformation agenda
Amr Talaat highlighted the significance of 5G technologies in driving digital transformation, expressing optimism about the positive impact on the national economy and Egypt's standing in global indicators within the communications and information technology sector
As part of the new pricing structure, Telecom Egypt will offer free access to educational websites to mitigate the impact on students and facilitate remote learning
This includes both call and data charges in an increase ranging from 10 percent to 16 percent starting February 2024. This marks the first price adjustment for mobile services in Egypt since 2017
Telecom Egypt intends to sell approximately 2,500 out of its 2,800 owned communications towers
Telecom Egypt (WE) announced on Wednesday that the internet service has been fully restored nationwide after disruption due to a technical malfunction in one of the main networks.
Telecom Egypt company announced that Internet services were affected in some areas around the country, Tuesday as a result of a technical malfunction that affected one of the main network devices.
The licenses could be available as early as December, according to the sources, with licensing fees placed at least $500 million
The initiative, which will last one week starting October 19, was launched in coordination with the Egyptian National Telecom Regulatory Authority (NTRA)
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.
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
The 2Africa subsea 45,000 km cable system is designed to deliver seamless international connectivity solutions and boost internet connectivity
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.
The government owns 80 percent of Telecom Egypt's shares, and 20 percent is traded on the Egyptian Stock Exchange (EGX).
Telecom Egypt is working to connect 90 percent of Egyptian hospitals to provide treatment, medical and diagnosis services remotely.
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.
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