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Press Releases

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Q2 2018 results: Strong operational performance indicating the success of our long-term investment strategy

14 August 2018
Telecom Egypt today announces its Q2 2018 results ending 30 June 2018.

Telecom Egypt and Etisalat Misr sign the first MoU for virtual fixed voice services

08 August 2018
Telecom Egypt and Etisalat Misr announce the signing of a memorandum of understanding (MoU) to provide the latter with virtual fixed voice services. The agreement, the first in the Egyptian market, covers all the basic terms that shall allow both companies to formalize a commercial agreement in due course. Under this MoU, Telecom Egypt through its nationwide fixed network will enable Etisalat Misr to provide its customers with fixed voice services.

Airtel and Telecom Egypt announce strategic partnership for global submarine cable systems

06 August 2018
Bharti Airtel (“Airtel”), a leading global telecom services provider, and Telecom Egypt, Egypt’s first integrated telecom operator, announced a strategic partnership, wherein, Airtel will get IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable (MENA Cable) and TE North Cable Systems. In addition, Airtel will also take large capacities on a long-term basis on two new state-of-the-art Cable Systems (SMW5 & AAE1).

Telecom Egypt and Liquid Telecom announce MoU signing to enable completion of the first fibre network from Cape to Cairo

14 July 2018
Leading pan-African telecoms group, Liquid Telecom, and Telecom Egypt, Egypt’s first integrated telecom operator, announced today at the 2018 Annual Meetings of the African Export-Import Bank (Afreximbank) the signing of a Memorandum of Understanding (MoU) that will enable Liquid Telecom to shortly complete Africa’s terrestrial fibre network stretching all the way from Cape Town to Cairo.

Telecom Egypt ranked among the top 5 leading corporates for Investor Relations in Egypt

09 July 2018
The Middle East Investor Relations Association (MEIRA) in partnership with Extel, has announced the nomination of Telecom Egypt in two categories in the 2018 Middle East Investor Relations Awards.

Telecom Egypt and Orange sign three agreements for international telecom, transmission, and mobile termination services

09 July 2018
Telecom Egypt and Orange Egypt announced the signing of a renewal of the international telecom services agreement, which was signed in January 2015 for a period of four years. The new agreement will end in December 2022 and is expected to contribute cEGP 4bn to Telecom Egypt’s top-line over the tenure of the agreement. It will also enable Orange Egypt to continue providing the best offers and international services to its customers.

Telecom Egypt and Etisalat Misr sign two agreements for national roaming and mobile termination

04 July 2018
Telecom Egypt and Etisalat Misr announced the signing of an amendment of the national roaming agreement sealed in June 2017. The amendment provides better financial and service quality terms availing improved commercial conditions for Telecom Egypt

Telecom Egypt obtains US$200 million long-term financing with Chinese financial institutions facilitated by Huawei

30 May 2018
Telecom Egypt and Huawei announced the signing of a US$200 million long-term financing with Chinese financial institutions including the Bank of China and China Export & Credit Insurance Corporation (Sinosure). Huawei facilitated providing competitive financing conditions to Telecom Egypt to finance the roll-out of the 4G network and the deployment of transmission and core networks

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.

Approval on acquisition of MENA Cable by a subsidiary and obtaining long-term USD facilities

10 May 2018
Telecom Egypt announces that its Board of Directors today approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan.

Q1 2018 results: a strong start for the new total telecom operator

10 May 2018
Telecom Egypt today announced its results for Q1 2018 ending 31 March 2018 starting the year on a strong footing to deliver on its business objectives and meet the guidance for the full year.

Telecom Egypt announces a potential submarine cable investment opportunity and accordingly approves the amendment of its FY 2017 dividend proposal

27 March 2018
In light of an arising investment opportunity in the submarine cable industry that is expected to maximize the company’s returns from the cable business and ensure the continuation of the current revenue stream, the board of directors determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share.

Telecom Egypt reports double digit growth across its 2017 P&L

05 March 2018
Telecom Egypt announced today its full year results for 2017 reporting strong growth in revenue of 33% yoy. EBITDA grew 36% and net profit 18% yoy In addition, management proposed a dividend of EGP 1 per share in line with 2016

Telecom Egypt signs agreement with Orange Data to provide bitstream services

20 February 2018
Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces signing an agreement with Orange Data to provide infrastructure and transmission services for three years.

Telecom Egypt signs Transmission and Infrastructure Agreement with Vodafone Egypt

05 February 2018
Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces signing a wholesale agreement with Vodafone Egypt to provide transmission and infrastructure services. The agreement will take effect from January 2018 for three year ending 2021.

Telecom Egypt signs Settlement with Etisalat Misr

23 January 2018
Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces that it has reached a final settlement agreement with Etisalat Misr in regards to a dispute on international calls services. The settlement covers amounts relating from the start of rendering services to Etisalat Misr and until 13 June 2017.

Investor Relations adapting the "WE" approach by launching a new portal

22 January 2018
Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces today the revamping of the Investor Relation website. The aim of new Investor Relations Portal today is to offer a new experience to the investor and analyst community that matches our new brand values of being closer to our customers. Our new brand “WE” launched in September with the debut of mobile services puts our customers first across all platforms and services.