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By Mohamed Alaa El-Din Minister of Communications Khaled Negm said his ministry’s intervention to resolve Telecom Egypt’s (TE) recent crisis is not against the law. He added, in a statement to the Daily News Egypt, that the government owns 80% of the company’s shares, which allows it to intervene in order to redirect the company’s path. …
TE’s acquisition of licence means giving up EGP 20bn, revenues of next five years, says official
The company stated it achieved 9.9% profit growth over Q1 of 2015, compared to last year
TE executives send letter to ministry accusing it of targeting company through “haphazard” steps
Losses started with Mobinil entering the market, and licences should not be issued without the development of the operators’ infrastructure, says Abu Quraish
Companies urged to reach mutual agreement by arbitration committee
By Mohamed Alaa El-Din Telecom Egypt (TE) allocated EGP 3bn for investments in the infrastructure sector this year, with an increase of EGP 500m than 2014, said Mohamed El-Nawawy, CEO of TE, to Daily News Egypt. According to Nawawy, revenues from marine cables amounted to EGP 1.2bn, with the support of two giant projects with …
Egypt is promising economy given increasing population, with greater Egyptian investments expected
TE’s revenue amounted to EGP 9.1bn during the first nine months of 2014, compared to EGP8.3bn for the same period last year, according to a company statement.
We will rely on the unified licence (mobiles-landlines-internet) to attract customers, says CEO Mohamed El Nawawy
By Oxford Business Group A new licence system governing Egypt’s fiercely competitive telecoms sector is expected to be rolled out within weeks, paving the way for mobile and fixed-line operators to vie for each other’s business. While the country has a large consumer population, as penetration has passed 100%, telecoms players have faced an increasingly …
The communication firm says its year on year net profit dropped by 1.04%
The telecommunication company will be responsible for providing infrastructure for entiree network as well as securing all banking data.
Mohamed Elnawawy, managing director and CEO of te, explained that this new service will give the company a good opportunity to grow, adding that it will have a chance to compete in 85% of the market, from which they are currently excluded, with the mobile license.