Overview

Last updated 01/05/2008
Country Egypt
Ownership Government
Ownership Type Listed
Organisation Type Joint-Stock
Sector | Sub sector
  • Telecommunications and IT | Telecom Operators
Date of establishment 1854

Summary

Last updated 01/05/2008

Telecom Egypt (TE) is the incumbent fixed line operator in Egypt. The company also operates Internet services through its 95.04% owned subsidiary TE Data, and mobile services through its 44.79% subsidiary Vodafone Egypt (VE). The company was established in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organisation (ARENTO). ARENTO was renamed TE and transformed into a joint stock company with the purpose of establishing, maintaining and operating local telecoms networks, including those with international links.

Until the end of 2005, TE had a monopoly on fixed line national and international calls. Although the fixed line market is officially open to competition, no other operators have entered the market so far.

Officers

Last updated 21/04/2008
Name Job Title
Akil Hamed Beshir Chairman and Chief Executive Officer
Tarek Tantawy Vice President and Chief Financial Officer

Ownership / Shareholders

Last updated 21/04/2008
Name Country Holding
Government of Egypt Egypt 80.00%
Public n/a 20.00%

Affiliates

Last updated 21/04/2008
Name Country Sector Holding
Xceed Egypt Telecommunications and IT 97.66%
TE Data Egypt Telecommunications and IT 95.04%
Centra Technologies Egypt Telecommunications and IT 58.76%
Middle East Radio Communication Egypt Telecommunications and IT 50.90%
Wataneya for Telecommunication Egypt Telecommunications and IT 50.00%
International Telecommunication Consortium Limited Egypt Telecommunications and IT 50.00%
Vodafone Egypt Egypt Telecommunications and IT 44.79%
Egypt Trust Egypt Telecommunications and IT 35.71%
Consortium Algerien de Telecommunication Algeria Telecommunications and IT 33.00%
Nile Online Egypt Telecommunications and IT 27.27%

Quote

Last 17.24 EGP 0.19 1.11%
Open 16.91 High/Low 17.34/16.91
Volume 62 YR High/Low 20.59/14.88


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