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Press Releases

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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.