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TE has monopoly on Egypt’s internet market where they can fix the price they want, says Gauthier
It started with the TE administration’s objections to the reduction of the infrastructure rental rate for Internet service providers.
By Mohamed Alaa El-Din Minister of Communications Khaled Negm said his ministry’s intervention to resolve Telecom Egypt’s (TE) recent crisis is not against the law. He added, in a statement to the Daily News Egypt, that the government owns 80% of the company’s shares, which allows it to intervene in order to redirect the company’s path. …
TE’s acquisition of licence means giving up EGP 20bn, revenues of next five years, says official
The company stated it achieved 9.9% profit growth over Q1 of 2015, compared to last year
Management changes since 2000 have failed to make a breakthrough, says SSTE deputy head
Deterioration in relations with mobile companies is most prominent failure of former chief executive
By Mohamed Alaa El-Din and Aisha Zedan Many years were wasted in negotiations between the Ministry of Communications and Information Technology and mobile companies on one hand, and the National Telecommunication Regulatory Authority (NTRA) along with the four phone operators on the other. The negotiations aimed at implementing the unified license, but things got complicated, …
Tarek Aboualam and Khaled Sherif most likely candidates to replace El-Nawawy
Following Telecom Egypt’s (TE) decision to replace the copper Internet cables with high speed fibre optic cables, competing companies have been losing internet services, forcing customers to switch to TE Data, as it is the only company providing services in the meantime. “We cannot discuss enhancing prices and Internet speed service, while Internet providers lose …
By Mohamed Alaa El-Din Telecom Egypt (TE) allocated EGP 3bn for investments in the infrastructure sector this year, with an increase of EGP 500m than 2014, said Mohamed El-Nawawy, CEO of TE, to Daily News Egypt. According to Nawawy, revenues from marine cables amounted to EGP 1.2bn, with the support of two giant projects with …
Egypt is promising economy given increasing population, with greater Egyptian investments expected
Telecom Egypt announced the completion of its plan to replace copper cables with fibre optic cables during March, to raise the network efficiency and provide high-quality communication services. The company said the plan’s implementation will allow 4 million customers to receive communication services through fibre optics by the end of this year out of the …
The verdict came out in favour of Vodafone
We increased infrastructure investments by 40%, says Al-Hegazy
Telecom Egypt solely aggrieved from delayed offering of unified licensing system
Mobile operator companies have the right to be given a licence for fixed phone services in return for paying EGP 100m.
TE’s revenue amounted to EGP 9.1bn during the first nine months of 2014, compared to EGP8.3bn for the same period last year, according to a company statement.
We will rely on the unified licence (mobiles-landlines-internet) to attract customers, says CEO Mohamed El Nawawy
We were not notified, says company
Telecom Egypt made EGP 6.5bn in revenues, representing 17% growth
The three mobile service operators have agreed to the licence’s terms for offering landline services
The communication firm says its year on year net profit dropped by 1.04%
Reuters – Fixed line monopoly operator Telecom Egypt’s board of directors agreed to pay EGP 2.5bn ($356.76m) for a mobile licence, the firm said in a statement on Monday. The telecommunications minister announced last month that Telecom Egypt was offered a mobile licence for EGP 2.5bn but that it would not include new frequencies, such …
It has been waiting to launch a new mobile operation that would complement an existing joint venture with Vodafone and compete with the sector’s two other players.
The unified telecom licence is expected to be activated before 30 June
Reuters – Egypt’s landline monopoly Telecom Egypt expects a newly-formed government to grant it a licence to provide mobile services this month or next, the state-controlled company’s chief executive said on Wednesday. Telecom Egypt has been relying on its data business to boost revenue and has been waiting to launch a new mobile operation that …
The fiber-optic infrastructure would provide CIB data network with data speed of 10 gigabytes per second.
Mobinil Managing Director Ive Gotieh stressed the need to settle all monetary disputes with Telecom Egypt before the latter will provide mobile services. Gotieh stresses that this action will help to maintain “fair competition in the domestic market.”
The telecommunication company will be responsible for providing infrastructure for entiree network as well as securing all banking data.