Telecommunication News
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7 Facts About Telecom Egypt Latest Sale
Egypt just sold 10% of its stake in Telecom Egypt. Here are 7 facts about the deal that you need to know.
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Egypt sells 10% stake in Telecom Egypt for $128.8mln
Large portion of the stake was purchased by local investors, while Arab and foreign investors just acquired a limited number of the offered shares.
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Telecom Egypt might add additional 10% stake on Egyptian Exchange
The government has set the indicative price for the offering at LE 22.25 per share, which represents an offering size of approximately LE 3.8 billion.
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Egypt is said to plan selling further 10% stake in Telecom Egypt
The drive is part of a broader program to revamp Egypt’s economy.
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Telecom Egypt hails final 2Africa cable landing
The cable system is expected to be completed in 2024 and will stretch 45,000km connecting 33 countries through 46 landings
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Bango, TPAY, and Etisalat Egypt launch Direct Carrier Billing with Google
This partnership provides Etisalat customers the ability to pay for in-app purchases and services subscriptions through their mobile number.
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Egypt’s MisrSat-2 Passes Another Milestone
According to the EgSA’s, the initial phase of the testing process has been completed under the supervision of the China National Space Agency.
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Orange Egypt signs a cooperation agreement with Contact
To provide customers with consumer finance services and exclusive installment offers.
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Egypt sets law penalizing disclosing telecommunications customer data
A penalty of imprisonment for a period of no less than three months and a fine of no less than LE5,000 and no more than LE50,000 can apply.
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Raising interest rates negatively affects mobile companies
The mobile companies asked the National Telecommunications Regulatory Authority to raise the prices of mobile services.
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Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt
Nasr El-Din joined the Board of Directors of Telecom Egypt as a non-executive member in July 2020, representing the government.
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Egypt mulls boosting ICT cooperation with Germany
The talks also covered Egypt’s digital strategy for the outsourcing industry and training qualified youth to export IT services.
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How to manage Ramadan with WhatsApp
Here are some tips and ideas on how to use WhatsApp effectively as you create new memories with loved ones this Ramadan.
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Egypt suspends sale of Telecom Egypt stake -sources
Telecom Egypt said on March 7 that the government had started to consider a sale of an additional stake in the company.
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Etisalat by e& Egypt and Mastercard partnership will redefine digital experience and commerce for millions in Egypt
Etisalat by e& Egypt and Mastercard partner to enable Etisalat Cash customers to pay online anywhere in the world.
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Nokia to support Orange and ACUD smart capital city in Egypt
Nokia’s software is complemented by Cerillion’s BSS product suite, which provides an open and standards-based solution.
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Egypt considers floating further stake in Telecom Egypt in EGX
Telecom Egypt’s revenues grew by 10 percent in 2022, recording EGP 44.3 billion with a net profit of EGP 9.2 billion.
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Telecom Egypt issues explanatory statement regarding offering new stake in stock exchange
The Ministry of Finance stated that the matter did not go beyond a preliminary study that is still in its infancy and preliminary stages.
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Egypt offers to sell 10% of government's stake in Telecom Egypt
Telecom Egypt's revenues increased in 2022 by 19 percent, amounting to LE 44.3 billion.
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Telecom Egypt reports 9.09% YoY surge in 2022 profits
Consolidated operating revenue grew to EGP 44.273 billion last year from EGP 37.087 billion in 2021.