Telecommunication News
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Telecom Egypt gets profits from Vodafone earnings
WE owns 45% of Vodafone Egypt while Vodafone International owns 55%.It received EGP 2 billion that disbursed last March.
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Egypt fines mobile operators EGP 20m
Mobile companies were fined for unjustified rejections of number porting requests.
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Egypt’s non-profit ICT entity Eitesal expects $1.5mln business volume in 2020
Recent period saw the organization put in place strategic cooperation with the Information Technology Industry Development Agency.
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TE considers Vodafone Egypt acquisition as banks willing to finance deal
The TE's move follows the recent hiccup in the Saudi Telecom Company's attempted acquisition of Vodafone International Group's 55% stake in Vodafone.
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TE, Vodafone submit financial offers for new frequencies
Orange and Etisalat have refrained from the bidding process.
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Vodafone Egypt franchises some stores, but keeps main branches
Vodafone Egypt has begun transferring the management of a number of its stores to its agents.
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Project: Supply, erection, commissioning of information networks
Egypt: Supply, erection, commissioning & guarantee of information networks, communication instruments & related operating requisites
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Egypt increases stamp duty on mobile users starting July
Unlike prepaid customers, the tax will be paid by monthly billing customers once a year.
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Saudi Telecom Extends Vodafone Egypt Stake Purchase for Second Time
STC needs another two months to complete the purchase of Vodafone Group's 55% stake in Vodafone Egypt.
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Vodafone Egypt adds 1.1 million new customers in FY, ARPU improves
Vodafone Egypt reported service revenues of EUR 369 million for the three months to March.
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Vodafone Egypt reports revenues of EGP 26.4bn in FY 2019/2020
According to Vodafone Group's results, the Egyptian unit recorded profits worth $666m before interest and taxes during FY 2019/2020.
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Project: Metro equipment & instruments
Cairo: Enhancing the buildings, establishments, stations to enable raise the efficiency of instruments & equipment of all Metro Lines
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TPAY Mobile and Vodafone Egypt launch DCB for Google Play
Vodafone subscribers can make purchases from Google Play and charge the payments to their mobile bill or deduct them from their airtime balance.
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Saudi Telecom Extends MoU To Acquire Stake In Vodafone Egypt
The MOU has been extended for 90 days.
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Project: Requisites for fiber optics network
Country Wide: Supply of requisites for the company's (national) fiber optics network for two years
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STC suspends Vodafone Egypt finance talks
Saudi operator STC paused talks with banks regarding a $2 billion financial package to cover an acquisition of Vodafone Group’s Egyptian business.
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Egypt EFG Hermes-Citibank to advise TE on Vodafone stake sale option
Telecom Egypt is very well positioned to ensure that its shareholders gain the maximum benefit out of the opportunities that are currently presented.
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Telecom Egypt still unclear about Vodafone share
Telecom Egypt is studying all alternatives and options for its stake in Vodafone Egypt, and has yet to decide what is most appropriate move.
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STC enters Egyptian telecom market
STC and Vodafone signed the deal for about $2.4 billion.
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STC in talks to acquire 55% of Vodafone Egypt
The talks concern the 55 percent stake controlled by Vodafone International in Vodafone Egypt.