
US dollar appreciation against Egyptian pound deepens mobile market losses
Mobile prices also affected by higher shipping costs on back of global pandemic
Mobile prices also affected by higher shipping costs on back of global pandemic
The mobile market has witnessed a decline in the number of its users over the whole year due to the procedures of the National Telecom Regulatory Authority in checking user data, which contributed to stopping many lines from working.
The number of mobile subscribers decreased during May by 1.45% month-over-month. According to a report from the Ministry of Communications and Information Technology, the number of mobile users fell from 107 million in April to 105.6 million in May. The report noted that the internet market saw 800,000 more clients join in May, rising from …
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The Egyptian mobile market is suffering from the effects of the flotation of the Egyptian pound and the devaluation of the national currency against the US dollar, which hiked the prices of mobile phones. Prior to the flotation, the most expensive phone in Egypt sold at EGP 6,000; after the flotation, that jumped to EGP …
Transsion, the brand that owns TECNO, itel, and Infinix mobile phones, acquired 20% of the mobile market share in 2016, according to regional business development director Mohamed Ismail. According to Ismail, the last quarter in 2016 saw the least sales in the mobile market in general due to the Egyptian pound’s flotation in November. He …
We seek an agreement with a mobile company to provide it with 4G mobiles, says Kandil