Telco, Internet and IT (Free subscription) | 14/11/2009
Fixed-line Telecom Egypt has reported a lower third-quarter net profit, falling 13% to EGP826m ($151m), Reuters has reported. Broadband internet posted as a growth area with its data arm reporting 68% year-on-year growth in total broadband customers to 572,000. Fixed-line subscribers were 15% lower on year-on-year to 9.6 million.
turenchi (Free subscription) | 13/11/2009
Fixed-line monopoly, Telecom Egypt, posted lower third-quarter profit as rivals from the mobile sector continue to lure away voice and data clients and push the firm to open up to new revenue streams.Third quarter net profit fell 13 per cent to 826 million Egyptian pounds, but soundly beat the 657.2 million average predicted by four analysts.
Telecompaper (Free subscription) | 12/11/2009
(Telecompaper) Telecom Egypt posted a 13 percent decline in net profit for the third quarter to EGP 826 million. It posted 9-month net profit of EGP 2.576 billion, 18 percent up from a year earlier. The firm said its sales revenues declined 5.5 percent to EGP2.54 billion in the quarter. EBITDA after subtracting provisions declined 11.2 percent to EGP1.245 billion. According to Reuters, CEO Tarek Tantawy...
The Earth Times Online Newspaper (Free subscription) | 12/11/2009
Cairo - Telecom Egypt, the country's fixed-line monopoly, reported Thursday a 13 per cent decline in third quarter profits, compared to the same period in 2008. Profit in the third quarter fell from 950 million Egyptian pounds (174.1 million dollars)...
Yahyasheikho786's Blog (Free subscription) | 09/11/2009
CAIRO: A recent report issued by the Ministry of Communications revealed that Egyptians spent 8.71 billion Egyptian pounds ($1.5 billion) on communications during the period from April to June. The report indicated that the revenues of the main telecommunication companies in the country, including Telecom Egypt, Mobinil and Vodafone has risen by nearly one billion [...]
Telecompaper (Free subscription) | 29/10/2009
(Telecompaper) Sixteen firms have bought bid documents for Egypt's new telecom licences, the industry regulator said. Among the companies which have confirmed their interest are mobile operators Mobinil and Vodafone and regional operator Orascom Telecom. The head of the National Telecom Regulatory Authority (NTRA), Amr Badawi, told Reuters that 16 firms purchased the documents but did not provide names....
Telco, Internet and IT (Free subscription) | 22/10/2009
The Middle East's largest fixed- line operator, Telecom Egypt is interested in boosting its stake in Vodafone Egypt, and is 'keeping its eyes open' for acquisitions, Bloomberg has reported. The Cairo-based company currently has a 45% stake in Vodafone Egypt and would be 'definitely interested' if Vodafone Group Plc offered a larger stake in the unit, the firm's CEO, Tarek Tantawy said.
Reuters UK (Free subscription) | 20/10/2009
NEW YORK, Oct 20 (Reuters) - Fixed-line monopoly Telecom Egypt said on Tuesday it will keep providing fixed line services for any new licences tendered, while future private operators will only be allowed to supply data and video.
turenchi (Free subscription) | 19/10/2009
Telecom Egypt, has started rolling out fibre optic cable networks near Cairo to offer “triple play” services, the company said, after the government announced a telecoms tender.The move by the state-owned group comes as Egypt prepares to open the sector to more competition by offering two combined cable television, telephone and internet licences that could open the way to breaking Telecom...
Fiberevolution (Free subscription) | 16/10/2009
Telegeography announced yesterday that Telecom Egypt was planning (or in fact even deploying) an FTTH service in and around Cairo. As usual with these announcements, there isn't a whole lot of detail (vendor, number of homes passed planned, etc.) but...
Reuters UK (Free subscription) | 15/10/2009
CAIRO, Oct 15 (Reuters) - Fixed-line monopoly Telecom Egypt has started rolling out fibre optic cable networks near Cairo to offer "triple play" services, the company said, after the government announced a telecoms tender.
Telco, Internet and IT (Free subscription) | 15/10/2009
Telecom Egypt (TE) has announced the launch of its first fibre-to-the-home (FTTH) implementation in Egypt, in the Cairo suburb of Qatamiya. The operator has started implementing FTTx access networks in the new suburbs around Cairo and Alexandria, and the Qatamiya area is now the first to receive triple-play services over the new network, Telecompaper has reported. TE has said it will target high-end...
Reuters UK (Free subscription) | 07/10/2009
* No date for second fixed-line license yet (Adds quotes, details)
Telco, Internet and IT (Free subscription) | 01/10/2009
Egypt's communications minister Tarek Kamel has said the country will invite bids for two licences for 'triple-play' cable, telephone and internet services which it expects to generate $1bn in new investments within five years, Reuters has reported. The addition of triple-play operators would increase competition in Egypt's telecoms industry and could open the way to breaking state-owned Telecom Egypt's...
Business Wire (Free subscription) | 25/03/2009
Telecom Egypt Company (Telecom Egypt) is a leading provider of fixed line, retail, and wholesale telecommunications services in Egypt. The retail segment of the Company provides access to local, national as well as International voice, Internet, data transfer, and other telecommunications services. The wholesale segment provides broadband capacity leasing, Internet service, and national as well as...
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