Latest news with #TelecomEgypt
Zawya
26-05-2025
- Business
- Zawya
People Summit Egypt 2025 launches with Raya Holding and Telecom Egypt as strategic partners
Ahmed Khalil: We believe building a successful organization starts with cultivating a global work culture that fosters empowerment and excellence across our diverse portfolio Mohamed Nasr: We are committed to providing a positive work environment that drives innovation, excellence, and sustainable growth Cairo – In a step that underscores their shared commitment to creating sustainable and inspiring workplaces, Raya Holding for Financial Investments and Telecom Egypt (WE) are partnering as strategic sponsors of People Summit Egypt 2025, organized by the Top Employers Institute, the global authority on certifying excellence in employee conditions. The summit, held for the first time in Egypt this year, brings together leading executives and HR experts to discuss the latest global trends in the workplace and exchange best practices between Top Employer-certified organizations and those aspiring to reach this prestigious status. Raya Holding and Telecom Egypt's sponsorship reflects their dedication to supporting the business community by championing a culture of empowerment, sharing successful HR practices, and contributing to the development of work environments in Egypt that align with global standards. Ahmed Khalil, CEO of Raya Holding, stated: 'At Raya, we believe real investment starts with people. With a team of over 18,000 employees across 11 diverse portfolio companies spanning various industries, we are committed to building a workplace culture centered on empowerment, continuous development, and true recognition of talent. Receiving the Top Employer Award for the third consecutive year with higher scores each year, reflects our genuine commitment to creating a workplace that aligns with the highest global standards and fulfills the aspirations of our people. We don't see HR as just an administrative function; it's the heart of our strategy and the foundation for every growth and transformation at Raya. Our sponsorship of People Summit 2025, alongside Telecom Egypt, underscores our role in driving dialogue on the future of work, opening new horizons for more human-centered and effective practices that support our vision for a better future and reinforce our commitment to elevating HR and talent development standards in Egypt and the region.' Eng. Mohamed Nasr, Managing Director and CEO of Telecom Egypt, added: 'We are committed to adopting global best practices in HR and providing a positive work environment that fosters a culture of innovation and development, empowers our employees, and ensures sustainable growth while delivering the highest standards of service to our customers. Our people have always been the cornerstone of our success, driving Telecom Egypt's leadership position and customer satisfaction for over 170 years. We are proud to sponsor this summit in Egypt, which brings together HR experts, facilitates collaboration, and fosters knowledge sharing that will positively impact workplace environments across Egyptian companies.' Raya Holding has been awarded the Top Employer Egypt certification for three consecutive years (2023, 2024, 2025) after successfully completing a comprehensive evaluation by the Top Employers Institute. The assessment covered over 20 key HR areas, including career development, learning programs, work-life balance, leadership, and employee wellbeing, underscoring Raya's belief that employee experience is the foundation for sustainable, inclusive growth. Raya was selected from more than 2,000 companies evaluated across 121 countries worldwide, highlighting its excellence in creating a workplace environment that ranks among the best globally. Telecom Egypt (WE) also received the Top Employer Egypt certification for 2025, for the second consecutive year, in recognition of its outstanding efforts to provide an ideal work environment that fosters employee development, encourages innovation, and empowers teams to perform with precision and efficiency.
CairoScene
21-05-2025
- Business
- CairoScene
Egypt's Telecom Sector Have Pumped USD 2.7 Billion Into 5G Since 2019
The announcement was made during the 5G Technology Forum in Cairo by the Ministry of Communications and Information Technology. May 21, 2025 Egypt's four licensed mobile operators have collectively invested USD 2.7 billion in 5G spectrum acquisition and network infrastructure since 2019, according to the Ministry of Communications and Information Technology. The announcement, made during the 5G Technology Forum in Cairo, reflects Egypt's ongoing efforts to deploy high-speed mobile connectivity across the country. The rollout includes expanded 5G coverage zones, spectrum licensing, and upgrades to core network infrastructure. The goal is to lay the groundwork for advanced services in healthcare, manufacturing, education, and transportation, while improving mobile internet speeds and enabling future smart city applications. Communications Minister Amr Talaat described the transition to 5G as a qualitative leap for Egypt's connectivity landscape, adding that the network aligns with international spectrum standards and future tech requirements. The 5G deployment is expected to improve data capacity, reduce latency, and enable new digital services at scale. Telecom Egypt, Orange Egypt, Vodafone Egypt, and Etisalat by e& are all involved in the rollout, with each operator expanding their respective infrastructure to accommodate 5G technology. Egypt's first commercial 5G services are anticipated to become more widely available following the completion of ongoing pilot zones and regulatory approvals.
Zawya
14-05-2025
- Business
- Zawya
Telecom Egypt's consolidated profits up 19.7% YoY in Q1 2025
Arab Finance: Telecom Egypt (ETEL) logged EGP 4.645 billion in consolidated net profits attributable to the holding company for the first quarter (Q1) of 2025, up by 19.67% year on year (YoY) from EGP 3.882 billion, as per the company's financial statement. Operating revenues amounted to EGP 24.797 billion from January through March, up from EGP 17.486 billion in the same period last year. As per the standalone financial statement, the telecom operator achieved standalone net profits after tax of EGP 2.675 billion in Q1 2025, versus EGP 4.385 million in Q1 2024. Telecom Egypt is the first integrated telecom operator in Egypt and is one of the region's largest operators of subsea cables. The Cairo-based company is listed on the EGX, and it operates in the sectors of communications, marine cables, infrastructure, internet services, and outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
14-05-2025
- Business
- Zawya
Telecom Egypt records $149.5mln consolidated profits in Q1-25
Cairo: Telecom Egypt generated consolidated net profits after tax amounting to EGP 4.65 billion in the first quarter (Q1) of 2025, compared to EGP 3.88 billion in Q1-24. Basic and diluted earnings per share (EPS) was kept unchanged at EGP 2.72 as of 31 March 2025, according to the financial results. The revenues hiked by 41.80% year-on-year (YoY) to EGP 24.79 billion in Q1-25 from EGP 17.48 billion. Standalone Business The EGX-listed firm logged lower standalone net profits after tax at EGP 2.67 billion as of 31 March 2025, compared to EGP 4.38 billion in Q1-24. Non-consolidated revenues hiked to EGP 17.11 billion in Q1-25 from EGP 12.59 billion a year earlier, while the basic and diluted EPS retreated to EGP 1.57 from EGP 2.57. In 2024, the consolidated profits dropped by 4% YoY to EGP 10.10 billion, whereas the standalone net profits after income tax hit EGP 2.78 billion.
Zawya
08-04-2025
- Business
- Zawya
Telecom Egypt to distribute $0.029/share dividends for 2024
Arab Finance: Telecom Egypt's general assembly approved the payment of EGP 1.5 per share in cash dividends for 2024, according to a bourse filing released on April 8th. Ex-dividend and payment dates will be April 17th and April 24th, respectively. The consolidated net profits attributable to the holding company dropped by 3.78% to EGP 10.098 billion in 2024, compared to EGP 11.720 billion in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
