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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 …

Hend El-Behary

Telecom Egypt Board reshuffle sparks reactions

By Islam Serour The new reshuffle within Telecom Egypt’s (TE) board of directors has been met by discord from the company’s workers, as calls for protests against the reshuffle after the Eid holidays have circulated on Facebook and twitter. The reshuffle was applauded by Hani Mahmoud, Minister of communication and information technology, in a press …

Daily News Egypt

MVNO to be decided next week

By Islam Serour Engineer Hany Mahmoud, Minister of Communication and Information Technology, stated in a press conference Thursday at the Smart village in Cairo, that the ministry will decide on the Mobile Virtual Network Operator (MVNO) offer after meeting with the board of the National Telecom Regulatory Authority (NTRA) scheduled for next week. He indicated …

Daily News Egypt

Telecom Egypt sees businesses investing again

By Tom Pfeiffer / Reuters CAIRO: Landline monopoly Telecom Egypt expects to maintain its profitability this year as it presses ahead with cost cuts and business clients look again at investing after a turbulent 2011, company executives said on Thursday. Telecom Egypt reported fourth-quarter net profit of LE584 million ($96.8 million), up 0.5 percent from a …


Telecom Egypt sees annual profit in line with 2010

CAIRO: Telecom Egypt expects to maintain profitability in the full year in the face of economic turmoil, as the start-up of a cable project in the final quarter boosts wholesale revenues, company executives said on Monday. The company earlier reported a 21 percent decline in third-quarter net profit to LE 622.7 million ($104.2 million) as …


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