Telecom Egypt has denied reports that it is moving to monetise its main data centre complex as a revenue-generating asset, filing a statement on the Egyptian Exchange saying there are “no new developments in this matter” and committing to publish any future updates under its disclosure obligations.
The denial follows market speculation about the state-owned operator’s plans for its International Data Center at Smart Village in West Cairo, which operates at a capacity of approximately 4.6MW across 2,000 racks on a four-facility campus and carries connectivity to all global submarine cable systems that land in Egypt. Telecom Egypt operates 11 data centres in total across seven Egyptian cities.
The clarification is separate from a previously announced transaction: Telecom Egypt is proceeding with the divestment of a majority stake in its Regional Data Hub data centre in Cairo to Africa-focused investment firm Helios Investment Partners, a deal first announced last year and previously expected to close in the first quarter of 2026 at a value of between USD 230 million and USD 260 million.
Egypt’s government is separately working to attract broader data centre investment, with the Ministries of Electricity and Communications recently agreeing to form a joint working group to develop a national data centre strategy focused on green facilities and international investor incentives. As of 2025, Egypt was connected to 15 operational submarine cables with three more under construction, reinforcing the country’s strategic position as a transit hub between Africa, Asia and Europe.
Editor’s Note: The denial is notable precisely because it was filed as a formal exchange disclosure — signalling that market rumours had reached a level requiring regulatory response. The distinction between the International Data Center (retained, denied for monetisation) and the Regional Data Hub (Helios deal proceeding) is the key structural point for readers tracking Egypt’s data centre asset strategy. With the government simultaneously developing an energy incentive and licensing framework for data centres, the policy environment around Telecom Egypt’s assets is shifting in ways that make future monetisation decisions more likely, not less — the denial addresses the immediate reports, not the longer-term direction.
