Quarterly Results
Latest Results: Q1 2018
The results were released on 10 May 2018. For details on the earnings call, contact the IR team.
Signature of SPA for the acquisition of MENA Cable
21 May 2018
Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), has executed a Sale and Purchase Agreement with Orascom Telecom Media and Technology Holding S.A.E (“OTMT) for the purchase of OTMT’s shareholding of its subsidiary Middle East and North Africa Submarine Cable (“MENA”)
Telecom Egypt signs US$200 million financing deal with African Export-Import Bank managed by ADIB Egypt
21 May 2018
Telecom Egypt and Abu Dhabi Islamic Bank – E (ADIB - Egypt) announced the signing of a US$200 million short-term facility from the African Export-Import Bank (AFREXIMBANK) to finance working capital and investments in Telecom Egypt’s infrastructure. ADIB in its capacity as general coordinator and financing consultant served as the financial advisor for the short-term facility.
About Us
Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. The company also owns a 45% stake in Vodafone Egypt.