Telecom Egypt has pushed the completion of its data centre sale to Helios Investment Partners to the first quarter of 2026, shifting from its earlier target of closing by the end of this year. The deal, valued between $230 million and $260 million, is now in the final legal and procedural stages, according to Al Borsa.
Both sides are currently refining the shareholders’ agreement and share purchase agreement following the approval of the independent financial advisor’s fair value report — a key requirement ahead of final regulatory clearance. Sources noted that a substantial portion of the deal proceeds will be directed toward debt reduction, supporting Telecom Egypt’s plan to eliminate its liabilities within four years and transition from a net-debt to a net-cash position. The strategy is expected to enhance profitability beginning in 2026.
Telecom Egypt’s obligations are currently split with around 52% in Egyptian-pound–denominated debt. The operator plans to invest EGP 20–22 billion in capital expenditures this year, with spending projected to fall by approximately EGP 2 billion in 2026.
The update comes as Telecom Egypt recently completed the core infrastructure of the 2Africa subsea cable, one of the world’s largest connectivity projects. The system is the first to directly link East and West Africa in a single network, connecting over 3 billion people across more than 33 countries spanning Africa, the Middle East, South Asia and Europe.
