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Telecom Egypt has announced a 20% year-on-year increase in consolidated revenue in the quarter ended 30 June 2020, with turnover rising to EGP7.94 billion (USD497 million). It attributed this level of growth to what it called a ‘spike’ in retail revenue, which rose by 43% y-o-y to EGP3.63 billion. Turnover from the company’s ‘Enterprise’ and...

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Citing COVID-19, the company issued a statement which reads: “Due to the logistical challenges caused by the COVID-19 pandemic, the parties need more time to complete the processes related to the transaction, including the due diligence.” It announced that the parties involved have agreed to extend the memorandum of understanding (MoU) regarding the deal for...

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Telecoms operator Etisalat Misr has partnered with real estate developer, Misr Italia Properties, for the provision of telecoms infrastructure at Cairo Business Park located in the New Cairo City. Etisalat Misr said the alliance is in line with Egypt’s digital transformation policy for 2030. In a statement, the companies confirmed the agreement will facilitate the...