Shareholders have given Vodacom’s proposed R41-billion (US$2.738-billion) deal to acquire a 55% stake in Vodafone Egypt the official thumbs up on resolutions following a general meeting today. According to a statement released by Vodacom, subject to the final outstanding regulatory approvals, it will fund the acquisition of Vodafone Group plc’s 55% stake in Vodafone Egypt...
Egypt’s smartphone market will grow just 1.0% year on year (YoY) in 2022 to total 13.1 million units, with momentum being slowed by the government’s introduction of a new 10% import tariff on mobile phones. That’s according to the latest analysis from International Data Corporation (IDC), which believes that the new tariff will constrain —...
Since 2019, the Egyptian government has been stepping up investments to improve people’s access to telecom services. Capitalizing on the shortcomings observed during the Covid-19 crisis, an emphasis was placed on rural areas and roads. The National Telecommunications Regulatory Authority (NTRA) of Egypt unveiled, Monday, December 6, an investment of 513 million Egyptian pounds ($ 32.6...
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...
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...
E Egypt’s National Telecom Regulatory Authority (NTRA) has reportedly given its final approval for the use of new spectrum by three of the country’s mobile network operators (MNOs), namely Vodafone Egypt, Etisalat Misr and Telecom Egpyt. According to local press outlet Ahram Online, which cites a statement issued by the regulator, all three cellcos will...
Minister of Communications and Information Technology Amr Talaat has received Russian Deputy Minister of Digital Development, Communications and Mass Media Maxim Parshin, who is visiting Cairo on top of a trade mission in the fields of telecommunication technologies and digital solutions. The meeting dealt with the investment opportunities in the Egyptian ICT sector and ways...
President Abdel Fattah El Sisi has issued directives to expand the use of the latest technologies to double the capabilities of the state’s digital information infrastructure and enhance digital transformation efforts. During a meeting with Prime Minister Moustafa Madbouli and Minister of Communications and Information Technology Amr Talaat on Monday, the president stressed the importance...
Since last year, rural areas have been at the heart of the growing demand for telecom services in Egypt. Etisalat Misr, like its competitors, has decided to give it more commitments. The company is looking for new sources of income. Hazem Metwally, chairman and CEO of mobile operator Etisalat Misr, said the company plans to invest 5...
Mohamed Abdullah, CEO of Vodafone Egypt, has said that his company has been in negotiations with the National Telecom Regulatory Authority (NTRA) regarding the possibility of undertaking 5G trials in the New Administrative Capital. In an interview with Daily News Egypt the executive confirmed Vodafone Egypt had been ‘conducting many meetings and discussions with NTRA regarding the launch of...
