24 May 2018

Telecom Egypt bags $200m financing facility to buy undersea Internet cable

The African Export-Import Bank (Afreximbank) said on Wednesday that it will commit up to $200-million to Telecom Egypt (TE) in a bid to enable the telecommunication company finance working capital and investments in its infrastructure. The agreement for the short-term dual tranche facility would provide for TE to utilize the facility for the acquisition of a cross-border marine cable, which will enhance the volume of internet flow into Egypt and other African countries, and to finance working capital needs of the company. The facility......

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23 May 2018

Telecom Egypt gets $200 mln Afreximbank loan

Telecom Egypt, the state's landline monopoly, has signed Tuesday a $200 million loan with Africa Export and Import Bank (Afreximbank) to finance working capital and infrastructure investments.

Abu Dhabi Islamic"...

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15 May 2018

Huawei calls on PHD to dial up growth in Egypt

Leading smartphone manufacturer Huawei Consumer Business Group Egypt (Huawei) has concluded its recent three-way review with the appointment of PHD Egypt as its new agency of record. The full media account is the first win for the media agency’s newly opened Cairo operation. PHD is"...

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15 May 2018

New GSMA Report Highlights Integral Role of Mobile IoT Networks in 5G Future

(AETOS Wire)-- The GSMA today issued a new report, ‘NB-IoT and LTE-M in the 5G context’, highlighting the integral role that licensed Mobile IoT networks, such as NB-IoT and LTE-M, will play in the 5G future and, in particular, the development of ‘massive IoT’. Massive IoT is one of three principle 5G use cases, alongside critical communications and enhanced broadband, that will enable developments such as smart cities and industrial automation. NB-IoT and LTE-M will be fundamental to the development of massive IoT and in supporting and complementing 5G’s myriad use cases and applications. Leading operators including......

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12 May 2018

Telecom Egypt reports sizeable decline in net profit in 1Q18 despite increased revenues

Telecom Egypt (TE) recorded a 15% year-on-year increase in revenues in the opening quarter of 2018, with the company reporting a turnover of EGP4.782 billion (USD6.5 billion), driven by a strong level of growth in revenue from retail services. Indeed, ‘Home and Consumer’ turnover"...

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10 May 2018

Iflix launches in Egypt with Vodafone

Streaming video service Iflix has launched on Vodafone Egypt to offer subscribers unlimited access to iflix’s vast library.

Iflix offers thousands of TV shows, movies and more including, the year’s"...

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09 May 2018

Japan’s Mobile Operators Launch RCS Services Based on GSMA Specifications

(AETOS Wire) -- The GSMA today announced that Japanese mobile operators KDDI Corporation, NTT DOCOMO, INC. and SoftBank Corp. have launched Rich Communications Services (RCS) based on the GSMA’s specifications. The service, which is called"...

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07 May 2018

Sabbour wins modern telecom network mandate in Egypt new capital

Egypt’s Sabbour Consulting says it has won a mandate to carry out the designs and engineering consultancies of a modern communications network flagship in the state’s new administrative capital, 40km (24.8 miles) east of Cairo.


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01 May 2018

Telecom Egypt launches We Internet fixed service at up to 100 Mbps

Telecom Egypt has launched We Internet, a revamped version of its fixed broadband service. Subscribers can now get service at up to 100 Mbps instead of the old maximum of 16 Mbps. The entry-level product has been upgraded from 1 Mbps to 5 Mbps and more than 50 percent of its customers are"...

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