Latest in Tag: te Highlight
Latest in Tag: te
Communication between TE, Liquid Telecom opportunity to reveal investment in Africa
Telecom Egypt (TE) has signed an agreement with Liquid Telecom from South Africa to continue building “The One Africa” fibre optic network, which would pass through South, Central, and Eastern Africa. He considered it an opportunity for TE to penetrate Africa and discover new investment opportunities. Khaled Negm, the former minister of communications and information …
Vodafone is testing landlines with TE
Vodafone Egypt started testing landline services in cooperation with Telecom Egypt (TE), according to Ayman Essam, head of Vodafone Egypt’s foreign and legal affairs department. Essam told Daily News Egypt that the company has not made a decision about the introduction of landline services, but is still studying it, given that landline services are not …
TE board of directors approves MENA Submarine Cable Systems acquisition
The board of directors of Telecom Egypt (TE) approved the acquisition of MENA Submarine Cable Systems, in line with the company’s strategy to expand in the field of submarine cables. MENA Submarine Cable Systems will be a part of TE’s network, which will connect a large swathe of the world from the east to the …
TE aims to increase contribution of marine cables, data centres to revenues by 25%
Mohamed Sameh, corporate sector manager at Telecom Egypt (TE), said that the company plans to boost the contribution of data centre services and other value-added services like hosting, cloud computing, and other services to the business sector’s total revenues by up to 25% in the coming five years. TE revealed several days ago that there …
TE ranks among largest 300 communication brands globally
Brand Finance has ranked Telecom Egypt (TE) among the world’s largest 300 companies in the field of IT and communication in terms of market value. TE ranked 201st globally, falling from last year’s 152nd spot. Meanwhile, US-based AT&T topped the most valuable communication companies in the world, with a market value of $82.4m, followed by …
TE provided voice services for Vodafone Egypt worth EGP 1.5bn in 2017
Value of messaging services from TE to Vodafone last year reached EGP 1.1bn
TE settles dispute with Etisalat Egypt for $48m
Telecom Egypt (TE) has signed an agreement to settle its dispute with Etisalat Egypt, regarding international call services, for $48m. TE said in an Egyptian Exchange (EGX) report on Tuesday that according to the meeting, the dispute was settled, as the company will pay $48m to avoid the potential risks estimated to be worth nearly …
TE approves 2018 budget, targets high single digit in revenue growth
The company aims to achieve 30% capital expenditure to sales ratio
TE collects EGP 224m from VAT in 2017
Company pumped EGP 1.4bn of investments into mobile services
TE profits up by 12% in 9 months
Company raised revenues to EGP 13.2bn, up from EGP 9.6bn
TE sells its products and lines on Souq.com
Telecom Egypt (TE) has signed an exclusive cooperation agreement to market its products through Souq.com, a subsidiary of Amazon, to sell its products it. Souq.com is one of the leading online shopping sites in Egypt and the Arab world with more than 8.4 million products in 31 categories, including electronics, cosmetics, household items and household …
Outsource technicians demanding to join TE or TE Data
The company avoids hiring them for not giving them financial benefits to their original employees
TE added 22,000 new customers to fixed-line services in August
Telecom Egypt (TE) added 22,100 new customers to its fixed-line services in August, according to a report by the Ministry of Communication and Information Technology. The number of customers increased from 6.25 million customers in July to 6.27 million customers in August. Despite the growth in the number of customers in August, the number of …
How much revenues will TE realise by increasing landlines subscription fees?
Telecom Egypt (TE) raised the fees of landlines subscriptions last week starting from October bills. The company attributed the increase to the rise in costs following the float of the pound. This raises the question: how much revenues will be realised from this? TE changed to fees to EGP 15 per month, up by EGP …
Infinix nears completing contract with TE
Market sales have regained growth and have approached one million units per month, says Wagih
TE achieved 41% growth in revenues during Q2 of this year
Company’s net profit amounts EGP 1.3bn, up by 22% over last year
Telecom Egypt uses cars to promote its new brand
Company is negotiating with mobile manufacturers to offer bundle services
Infinix negotiates with TE to provide 4G phones
We have an agreement with Orange Egypt, says Wagih
TE revenues reach EGP 4.2bn in Q1 2017
Profits grow by 5% y-o-y
EGP 14bn total TE revenues for FY 2016
EGP 2.7bn total profits with 10.9% decline compared to last year
Mobile operators offer their voice services to TE
Mobile phone companies offered their voice services to be used by Telecom Egypt (TE) in phases that are being agreed upon. TE is to offer mobile services this year. Sources told Daily News Egypt that mobile operators are currently negotiating with TE on the schedule necessary to cover the services to be provided by the …
Orange appeals verdict compelling it to pay EGP 49m compensation to TE
Orange Egypt announced that it appealed the verdict issued against it on Saturday to pay a financial compensation worth EGP 49m to Telecom Egypt (TE) for the losses resulting from rerouting international calls. In its press release, Orange said that it is certain of the integrity of its legal situation and will take all necessary …
TE’s Q3 profits surpass investment banks’ expectations by 11.9%
Even though net profits of the company during Q3 exceeded expectations, they declined by 27.85% compared to profits during the same period in 2015
Vodafone negotiates with TE to exchange services
Stefano Gastaut, CEO of Vodafone Egypt, said that the company is negotiating with Telecom Egypt (TE) to agree on national roaming and the exchange of services between them. National roaming is an agreement among operators to use each other’s networks to provide services in geographic areas where they have no coverage. Gastaut said that TE’s share …
TE increases short numbers subscription’s price to EGP 68,800 annually
EGP 46,300 increase in prices compared to last year’s contracts
TE is now a mobile carrier, what’s next?
The telecommunication market in Egypt has its eyes set on the National Telecom Regulatory Authority (NTRA) meeting on 1 October. It all looks complicated now that the three mobile operators—Vodafone, Etisalat, and Orange—have declined the 4G licence; but Telecom Egypt (TE) has decided to go through with the purchase, making it an integrated telecommunication operator. …
United Bank intends to participate in the loan arranged for TE: bank’s chairperson
Volume of bank’s syndicated loans portfolio amounts to EGP 500m, with most of the funds going to electricity and petroleum projects, says Elkady
TE signs 4G licensing contracts and becomes integrated operator
The licence is worth EGP 7.08bn, part of which will be paid in dollars and part in instalments over four years
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
Telecom Egypt revenues increase by 10% during first half of 2016
TE’s retail activity grew by 20%; the company controls 76% of the ADSL market