Since last year, FinTech has been booming in Egypt, driven by the Covid-19. Orange, which anticipates increasingly fierce competition in the electronic financial services segment, has decided to increase its technical agility to face them. The mobile operator Orange Egypt signed a partnership agreement on Monday July 5 with the National Bank of Egypt (NBE) to...
Following the internal conflict in Libya, its technology and telecoms sector has been largely damaged. Its rehabilitation is one of the priorities of the country, which is currently under reconstruction. The Libyan authorities are aware of the challenges of digital transformation. Egyptian Minister of Communications and Information Technology Amr Talaat and Faisal Ahmed Qarqab, chairman of Libyan...
TeleGeography, a global telecommunications market research and consulting firm, has launched its 2021 Submarine Cable Map, sponsored by Telecom Egypt. According to the research company the map visualises 464 global cables and 1,245 landing stations, as well as major future deployments. It also analyses the changing dynamics in the market and influence of new players...
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,...
The telecoms regulator is showing itself more and more intransigent in the face of regulatory breaches by operators. Its objective is to increase their responsibility in the market and to guarantee consumers a high quality experience. Mobile operators Telecom Egypt, Vodafone Egypt, Orange Egypt and Etisalat Misr were fined 20.65 million Egyptian pounds (1.3 million USD)...
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...
Since last year, the demand for high quality Internet connectivity in Egypt is no longer mainly expressed by urban populations. In the hinterland where we understood the importance of the Internet during the Covid-19 crisis, needs are growing. Egyptian Minister of Communications and Information Technologies, Amr Talaat, has announced that 1,300 villages will soon be connected...
The considerable interest that Egypt’s state-owned telecoms company has shown in high-speed telecom infrastructure since 2018 is far from dulling. A new project is brewing in its Cairo offices. The incumbent telecommunications operator Telecom Egypt unveiled on Wednesday March 3 its ambitious project to connect Africa to Europe through a new hybrid fiber optic system, combining...
Telecom Egypt has reported a 24% year-on-year increase in consolidated revenue for the twelve months ended 31 December 2021, with the operator saying growth had been ‘mainly driven by a 39% y-o-y increase in data revenues and the doubling of cable projects revenues’. For the twelve-month period under review, the carrier recorded consolidated revenues of...
Chief executive officer (CEO) of the Egyptian Space Agency Mohamed el Qousi said on Monday Egypt is working on a key project related to building 35 education satellites for the benefit of students, specialists and engineers to give them the opportunity to learn, perform programming, and control those satellites. The move comes as part of...
