Telecom Egypt

This article is about the telephone company. For the football club, see Telecom Egypt FC.
Telecom Egypt S.A.E.
المصرية للاتصالات
Native name
المصرية للاتصالات
Company typeSociété Anonyme Égyptienne
IndustryTelecommunications
Founded1854; 170 years ago (1854)
Headquarters
Cairo
,
Egypt
Area served
Egypt
Key people
Magued Osman (Chairman)
BrandsWE
E£1.4 billion (Q1 2018)
Total assetsE£32 billion (Q1 2018)
Total equityE£26 billion (Q1 2018)
OwnerMinistry of Communications and Information Technology (80%)
Number of employees
53,332
Subsidiaries
  • WE
Websitete.eg

Telecom Egypt (Arabic: المصرية للاتصالات), is Egypt's primary telephone company. It started in 1854 with the first telegraph line in Egypt. In 1998, it replaced the former Arab Republic of Egypt National Telecommunication Organization (ARENTO).

The company has a fixed-line subscriber base in excess of 6 million subscribers.

Telecom Egypt acquired TE Data (formerly GegaNet) in late 2001 to act as its data communications and ISP arm. The company has another IT arm, Xceedcc - Xceed contact center - located in Egypt's Smart Village. Telecom Egypt also owns 44.95% of Vodafone Egypt. Telecom Egypt has adopted the contemporary quality integration trends and established the quality sector in 2001, which is now preparing the whole company to take the ISO 9001-2000 certificate.

Its main operational offices are in Cairo, Al Mansurah, Ismailia, Alexandria, Suez, and Tanta.[1]

On August 31, 2016, Telecom Egypt (TE) became a fully-fledged mobile operator after agreeing to pay E£7.08 billion (€713.14 million) for a 4G license.[2]

On September 18, 2017, Telecom Egypt launched its mobile service, branded as WE.

In February 2019, Telecom Egypt signed a Memorandum of Understanding with its strategic partner Nokia for the development of 5G use cases in Egypt.[3]

Currently, Telecom Egypt is listed as number 3 in Forbes' Top 50 Listed Companies in Egypt 2023.[4]

  1. ^ CIA, United States (October 2009). The CIA World Factbook 2010, Book 2010. Skyhorse Publishing Inc. ISBN 9781602397279. Retrieved 16 November 2016.
  2. ^ "Telecom Egypt becomes the country's first operator to secure 4G license - Economy - Business - Ahram Online". english.ahram.org.eg. Retrieved 2018-07-18.
  3. ^ "Telecom Egypt and Nokia sign MoU to introduce 5G network and test use cases". Telecom Egypt Investor Relations. 27 February 2019. Retrieved 23 June 2023.
  4. ^ Mughal, Waqar. "Egypt's Top 50 Listed Companies 2023". Forbes Lists. Retrieved 2023-06-18.