Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Telecom Egypt and KareXpert collaborate to launch a secure national cloud-based digital healthcare platform integrating HIMS and AI, supporting Egypt’s Vision 2030 and enhancing hospital operational efficiency.
A fire at Telecom Egypt’s data centre in Cairo resulted in four deaths and disrupted communications and banking services. Connectivity dropped significantly, but authorities expect gradual service restoration. The incident is believed to have been caused by an electrical fault, and support is being extended to affected families.
Telecom Egypt and SubCom have completed two strategic landings of the SEA-ME-WE-6 subsea cable on Egypt’s Mediterranean and Red Sea coasts, linked by resilient terrestrial routes. This cable, spanning over 21,700 km and designed for 126 Tbps capacity, will connect Southeast Asia to Europe with multiple landing points and is set to be ready in early 2026.
Telecom Egypt and SubCom’s completion of dual subsea cable landings in Egypt enhances the SEA-ME-WE-6 network’s connectivity and capacity, supporting a critical Eurasia telecom corridor and strengthening digital infrastructure between Asia, the Middle East, and Europe.
Egypt’s mobile operators have invested $2.7 billion in 5G licenses since 2019, highlighting confidence in Egypt’s digital growth. The 5G Technology Forum in Cairo united global stakeholders to discuss accelerating deployment, smart infrastructure, and Egypt’s role as a regional digital innovation hub.
Telecom Egypt reported strong Q1 2025 results, with a 42% YoY revenue increase, driven by Retail segment growth. EBITDA rose by 49%, and normalized net profit increased 39%. The company demonstrated enhanced operational efficiency, improved cash flow, and continued momentum in customer base expansion, aligning with its growth strategy.
Telecom Egypt reported a 37% increase in Q1 2025 net profit, reaching 1.1 billion EGP, driven by growth in broadband and mobile services. The company saw an 18% revenue increase and a 15% rise in EBITDA. Continued investments in network infrastructure and 5G capabilities support its strong performance.
Telecom Egypt is strengthening its global connectivity and digital infrastructure through subsea cable projects, strategic partnerships, and fiber-optic network expansions. With an emphasis on resilience, high-speed connectivity, and digital transformation, the company is positioning Egypt as a key digital hub, enhancing both domestic and international services for businesses and consumers.
Telecom Egypt has announced a dividend distribution of EGP 1.5 per share, with the record date set for April 17, 2025, and payment on April 23, 2025. This marks the company’s 23rd coupon and highlights its ongoing commitment to providing value to shareholders.
Telecom Egypt has approved a cash dividend of EGP 1.5 per share for 2024, with ex-dividend and payment dates set for April 17th and April 24th. The company’s consolidated net profits dropped by 3.78%, totaling EGP 10.098 billion, compared to EGP 11.720 billion in 2023.