Egypt’s leading telecom operator, Telecom Egypt, has announced its audited financial results for the second quarter of 2024, highlighting a 35% year-over-year (YoY) increase in consolidated revenue, reaching a record of EGP 38.0 billion.
21 May 2024: In a significant step towards accelerating Egypt's digital transformation strategy, Telecom Egypt, a leading communications and information technology service provider, and Huawei Cloud have successfully joined forces to launch Huawei’s first locally-based public cloud platform in Egypt and Northern Africa. This launch aligns perfectly with Telecom Egypt’s strategy to position Egypt as the premium regional digital hub, promoting the development of cloud computing and digital services, and underscores Telecom Egypt’s and Huawei's commitment to enabling Egypt’s transformation in the digital era.
7 August 2024: Telecom Egypt, Egypt’s market-leading telecom operator, has signed a multi-year agreement with Mada Communications (Mada®), a leading telecoms solutions provider, to be its preferred strategic international SMS service provider.
Paratus Group announces that it has now launched the fastest fiber express route from Johannesburg to Europe. Using Infinera FlexILS and GX Series DWDM equipment, latency on the new route is just 123 milliseconds, and the state-of-the-art Infinera equipment can support wavelengths of up to 800Gb. The news comes as Paratus, the pan-African telecommunications group, has just completed its 1 890kms fiber link between Johannesburg, via Botswana, to Swakopmund which connects with the Paratus landed Equiano subsea cable that runs from Namibia to Lisbon and on to London and the rest of Europe.
Telecom Egypt and 4iG Group signed a Memorandum of Understanding (MoU) to establish a joint venture to build, operate and commercialize Fiber to the Home (FTTH) and Fiber to the Site (FTTS) fiber access infrastructure on a wholesale basis in Egypt.
Bayobab has successfully landed the 45,000 km-long 2Africa cable in Ghana and Nigeria. The 2Africa consortium is developing the largest subsea cable project in the world.
Telecom Egypt, the full-service telecom operator in Egypt and one of the largest subsea cables operators in the region, and SubCom, the global subsea data system supplier, along with the India-Europe-Xpress (IEX) partners, have announced the successful completion of the IEX subsea cable system landings in Egypt.
4iG Plc info-communications company and Telecom Egypt— Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region— have reached an agreement on the terms of cooperation for the construction of an express subsea cable between Albania and Egypt. Following the signing of a Memorandum of Understanding (MoU) last October, the terms of this cooperation agreement establish a joint venture between the two companies for the intercontinental subsea cable project. The express subsea cable will create a high-capacity, intercontinental connection linking Africa and Asia (through the Red Sea) to Europe, via Egypt, the Mediterranean, and Albania.
Proudly reporting the continuation of Telecom Egypt’s growth momentum at the beginning of the year, Mohamed Nasr Eldin, Managing Director and Chief Executive Officer, commented, “Our Q1 2024 operational and financial results reflect the resilience of our business in the face of macroeconomic challenges.”
Telecom Egypt, the first integrated telecommunications operator in Egypt and one of the largest subsea cable operators in the region, has joined forces with NaiTel, a licensed telecommunications service provider in Jordan, and the telecom arm of Aqaba Digital Hub to construct Coral Bridge, a new, long-awaited subsea cable system connecting Egypt and Jordan.
