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ArabFinance: Telecom Egypt (ETEL) has no intention to change its stake in Vodafone Egypt in the meantime, Hapi Journal reported, citing the Egyptian Minister of Communications and Information Technology Amr Talaat. Telecom Egypt’s stake in Vodafone Egypt amounts to 45%, while the global Vodafone Group holds the remaining stake of 55%. Telecom Egypt previously announced that Vodafone Group...

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Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region, has deployed Ciena’s WaveLogic 5 Extreme coherent optical technology to maximise capacity along the Mediterranean segment of Telecom Egypt’s Middle East North Africa (MENA) submarine cable system and Egypt’s mesh network Ciena’s WaveLogic 5 Extreme gives Telecom...

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Telecom Egypt and Vodafone Group have announced the signing of a modified shareholders’ agreement related to Egyptian operator Vodafone Egypt. According to the companies, the new agreement includes changes to Vodafone Egypt’s dividend policy, whereby that company will pay a one-time dividend of EGP10 billion (USD636 million) to its shareholders during the 2021 calendar year,...

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With the digital transformation accelerating, broadband is becoming a precious resource, guaranteeing good financial performance for many telecom companies. Well aware of this reality, Telecom Egypt and Sudatel are increasing their investments accordingly. Telecom Egypt and Sudatel Group, the incumbent telecoms operators of Egypt and Sudan, signed a cooperation agreement in the field of international connectivity...