Telecom Egypt

Telecom Egypt reported consolidated net profits after tax of EGP 8.42 billion in 2021, a surge of nearly 74% year-on-year (YoY) from EGP 4.85 billion, including minority shareholders' rights.
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Telecom Egypt has signed a new $500 million medium-term syndicated loan deal in order to strengthen its capital expenditure and refinance existing short-term facilities.
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Telecom Egypt signed an amended shareholder agreement with Vodafone Group.
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Telecom Egypt is planning to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system circling the African continent to link it with Europe.
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