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TE aims to increase infrastructure investments to EGP 3bn during 2015

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 …

Daily News Egypt

Telecom Egypt completes copper cable replacement

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 …

Daily News Egypt

Telecom Egypt agrees to pay EGP 2.5bn for mobile licence

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 …

Daily News Egypt

Telecom Egypt expects mobile licence in March or April

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 …

Daily News Egypt

Telecom Egypt employees sceptical of new appointment

Employees of Telecom Egypt have met the appointment of the company’s new non-executive chief officer, Omar El-Sheikh, with muted approval. “I am neutral towards the appointment but hopefully he might meet our expectations,” the president of Telecom Egypt independent workers syndicate, Mohammed Helmy, said. Omar El-Sheikh was public relations director at Vodafone Egypt, he has …

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