Telecom Egypt has approved a cash dividend of EGP 2.56 billion for 2024, amounting to EGP 1.50 per share. The company reported consolidated net profits of EGP 10.10 billion for 2024, with standalone net profits after tax reaching EGP 2.78 billion, reflecting strong financial performance.
Telecom Egypt has approved cash dividends of EGP 2.56 billion for 2024, distributing EGP 1.50 per share. The company reported consolidated net profits of EGP 10.10 billion, with standalone net profits of EGP 2.78 billion for the same year.
Telecom Egypt has appointed Lobna Helal as its first female Chair of the Board, following Dr. Magued Osman’s resignation after a nine-year tenure. Helal brings over 30 years of experience in the banking sector. Mohamed Nasr has been reappointed as CEO, ensuring continuity in leadership and Telecom Egypt’s strategic goals.
Telecom Egypt’s WE has partnered with Commercial International Bank (CIB) to provide innovative digital financial services to millions of customers across Egypt. This collaboration aims to enhance financial inclusion and promote the integration of banking services within the WE digital ecosystem, contributing to Egypt’s digital transformation goals.
Huawei has partnered with Telecom Egypt to enhance 5G services in Egypt and North Africa. The collaboration involves deploying advanced solutions, including BladeAAU and Pico Radio, to support 5G networks. This partnership helps Telecom Egypt strengthen its position as a leading ICT operator and accelerate Egypt’s digital transformation.
Huawei has partnered with Telecom Egypt to deploy advanced 5G solutions, including BladeAAU technology and the first 5G Digital Indoor System in Northern Africa. This collaboration aims to optimize Telecom Egypt’s network, enhancing broadband services and supporting Egypt’s digital transformation and economic growth with cutting-edge ICT infrastructure.
Telecom Egypt will release its audited financial results for 2024 on February 27, 2025, before trading begins. The report, prepared in line with Egyptian Accounting Standards, will provide insights into the company’s performance, reinforcing its role as a leading player in Egypt’s telecom sector and its strategic investments in Vodafone Egypt.
Telecom Egypt is enhancing its infrastructure to meet the growing connectivity demands in the Middle East and Egypt. With strategic subsea cable investments, new data centers, and partnerships with global tech providers, Telecom Egypt is positioning Egypt as a regional digital hub to support the rise of AI, cloud, and IoT applications.
Telecom Egypt has activated a Mediterranean subsea link on the 2Africa subsea cable system, in collaboration with Cisco. This high-capacity link connects Port Said, Egypt, to Marseille, France, and addresses the rising demand for cloud and AI services. The project enhances the subsea network’s efficiency and international traffic capacity.
Taheel, in partnership with Telecom Egypt, has launched a training program focused on English proficiency and basic computer skills for persons with disabilities (PwD). The initiative aims to equip 500 participants with skills to help them secure jobs, enhancing their competitiveness and supporting their integration into the workforce.
