NileSat reported a 31.83% year-on-year increase in net profits for 2024, reaching $57.681 million. The company’s operating revenue slightly decreased to $101.140 million. For the first nine months, net profits after tax grew by 26.77%, reflecting the company’s strong performance in satellite broadcasting and broadband services.
Telecom Egypt has signed agreements worth EGP 15 billion with Orange Egypt to enhance digital infrastructure and service offerings. These agreements will extend transmission services, connect mobile sites via fiber-to-the-site (FTTS), and support 5G rollout. The partnership solidifies both companies’ positions in the Egyptian telecom market.
Vodafone Egypt launched a digital platform for journalists to enhance communication and support Egypt’s digital transformation. The platform offers real-time information, interview requests, and press releases, improving media interactions. The launch event featured prominent media figures and discussions on the impact of digital transformation on Egypt’s media landscape.
Egypt’s four telecom companies have signed agreements to improve service quality, with new penalties for failing to meet standards. The penalties, double the previous amount, will now be reinvested into network improvements. The initiative aims to enhance mobile service quality, especially in remote areas, and improve Egypt’s global telecom ranking.
The NTRA of Egypt plans to raise telecom service prices due to increased operational costs linked to rising energy prices. This move responds to mobile operators’ calls for price hikes amidst financial pressures, as they secure 5G licenses aimed at enhancing connectivity and service offerings in the region.
