Egypt

Telecom Egypt has announced its consolidated financial results for the year ended December 31 2007, noting that total revenues reached EGP9.99bn, up by 5% from EGP9.517bn in 2006.... 2008-03-14

Egypt-based Orascom Telecom has published its financial and operating results for the year ended December 31 2007, revealing a 36% increase in its mobile subscriber base (44% if... 2008-03-12

French-US telecoms equipment manufacturer, Alcatel-Lucent, has reported a net loss for Q407, of EUR2.58bn (US$3.73bn). The struggling company has also reported a loss for 2007 as... 2008-02-08

Telecom Egypt has signed a share purchase agreement to sell minority stakes in two internet service providers. The incumbent will relinquish its 27.7% shareholding in Nile Online... 2008-02-08

Telecom Egypt and Alcatel-Lucent have signed a US$125mn contract to deploy a new submarine cable connecting Sidi Kerir in Egypt with Marseille in France. Dubbed TE North, the cable... 2008-02-01

Egypt's Mobinil has acquired a 15-year 3G licence at a cost of US$603mn, to be paid over a four-year term. Under the terms of the agreement, the operator will pay the licence fee... 2007-10-18

Egypt is now home to three mobile networks following the May 1 launch by Etisalat Misr, part of the UAE's Etisalat group. The operator, which paid almost US$3bn for its mobile licence... 2007-05-08

BMI has watched Egypt's Orascom Telecom go from strength to strength over the last few years. In 2006, the holding company increased its subscriber base by 70.4% thanks to strong... 2007-04-27

Incumbent operator Telecom Egypt has reported its FY06 results, with revenues of EGP9.5bn, up by 11% y-o-y and net profits of EGP5.4bn, up by 16% y-o-y. While the operator's chairman... 2007-03-14

During the first nine months of 2006, Egypt's mobile market experienced growth of 26%, with some 3.288mn net additions, taking the total subscriber base to 15.9mn users. This represented... 2007-01-23