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The historic operator Telecom Egypt wants to improve its quality of service and strengthen its network. It requested additional frequency spectrum for this purpose from the National Telecommunications Regulatory Authority (Ntra) on September 20. Vodafone, its big competitor, did the same.  Public company Telecom Egypt revealed on September 20, 2020 that it had submitted a financial and...

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Telecom Egypt announced on its website on Saturday (19 September 2020) that it has submitted a financial and technical offer to the National Telecommunications Regulatory Authority (NTRA) to apply for additional mobile spectrum in the 2600MHz TDD band with ten-year usage rights. The operator stated that the move is aimed at improving service quality, modernising infrastructure and...

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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...