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Egyptian competition body to study TE's preemption claims in sale of Vodafone Egypt to STC

Published 13 Feb 2020 10:29 CET | Egypt, Saudi Arabia

Egypt's Competition Authority (ECA) says it will study a request filed by Telecom Egypt claiming the right of preemption in the potential sale of a majority stake in Vodafone ...

Fawry, Banque Misr launch digital loyalty programme

Published 12 Feb 2020 14:58 CET | Egypt

E-payment service provider Fawry has signed an agreement with Banque Misr to provide a digital loyalty programme for the bank's customers. The loyalty programme is aimed at ...

Egypt financial regulator says STC must offer to buy remaining 45% in Vodafone Egypt

Published 07 Feb 2020 10:15 CET | Egypt

Egypt's Financial Regulatory Authority (FRA) says Saudi operator STC must offer to buy the remaining 45 percent of Vodafone Egypt owned by Telecom Egypt if it goes ahead with ...

Watch iT platform launches first original production in Egypt

Published 06 Feb 2020 13:51 CET | Egypt

Egyptian SVOD and live streaming service Watch iT announced plans to launch its first original production series, titled Shadid Al Khotoura, in March. It programme stars ...

Telecom Egypt to appoint bank to study options for Vodafone Egypt stake sale

Published 05 Feb 2020 09:26 CET | Egypt

Telecom Egypt says it is in the process of appointing an investment bank to consider options for the company following Vodafone Group's intention to divest its stake in ...

Vodafone Egypt stake sale to STC requires telecoms watchdog approval

Published 31 Jan 2020 09:24 CET | Egypt

Egypt's telecommunication industry regulator says it will have to approve the sale by Vodafone of its 55 percent stake in Vodafone Egypt to Saudi Telecom Company (STC), ...

Telecom Egypt mulls alternatives for managing investments in Vodafone Egypt

Published 31 Jan 2020 09:22 CET | Egypt

Telecom Egypt is studying available alternatives to manage its investments in Vodafone Egypt, Mubasher reported. The company said in a disclosure to the Egyptian Stock ...

Vodafone agrees to sell 55% stake in Egypt unit to STC

Published 29 Jan 2020 08:53 CET | Egypt, Saudi Arabia | Update: 29 Jan 2020 10:11 CET

Vodafone Group has agreed to sell its 55 percent stake in Vodafone Egypt to Saudi Telecom Company (STC) for USD 2.39 billion cash. This gives the mobile operator co-owned ...

SpaceX wins contract to launch Nilesat-301 in 2022

Published 28 Jan 2020 10:26 CET | Egypt

SpaceX will launch Egyptian operator NileSat's next communications satellite on a Falcon 9 rocket in 2022, Spacenews reported. Nilesat had launched all three of its past ...

Telecom Egypt denies plans to sell stake in Vodafone Egypt

Published 27 Jan 2020 10:45 CET | Egypt, Saudi Arabia

Telecom Egypt said it has no intention to sell its stake in Vodafone Egypt, as it has not received any offers, Argaam reported. It said in a statement to Egypt Stock Exchange ...

STC in talks to acquire 55% of Vodafone Egypt from Vodafone International - report

Published 27 Jan 2020 10:41 CET | Egypt, Saudi Arabia

Saudi operator STC is in talks to acquire a stake in Vodafone Egypt, Youm7 newspaper reported, citing sources. The talks concern the 55 percent stake controlled by Vodafone ...

Egyptian govt ties up with Microsoft and CEF to encourage women entrepreneurs

Published 24 Jan 2020 10:35 CET | Egypt

Egypt's Ministry of Communications and Information Technology (MCIT) has signed a partnership with Care Egypt Foundation (CEF) and Microsoft to launch a women's empowerment ...

Netflix starts billing in Egyptian Pounds

Published 23 Jan 2020 09:53 CET | Egypt

Netflix has announced that it will start billing viewers in Egypt in local currency with the next billing cycle. The adjustment represents a change of currency only, as ...

NileSat FY net profit drops 20%

Published 21 Jan 2020 09:31 CET | Egypt

The unaudited financial results of the Egyptian Satellite Company (NileSat) show a 20.45 percent year-on-year profit retreat during 2019, pressured by lower revenues, reports ...

Egyptian Space Agency leads plan to manufacture mini-satellites at universities

Published 16 Jan 2020 10:18 CET | Egypt

Egypt will begin manufacturing mini-satellites in universities across the country, in a collaborative effort led the Egyptian Space Agency (EgSA), the Academy for Scientific ...

Honeywell, Etisalat Misr to build city operations centre for New Administrative Capital

Published 16 Jan 2020 09:58 CET | Egypt

Honeywell and Etisalat Misr are teaming up to build a City Operations Centre (COC) to deliver services at Egypt's New Administrative Capital. They will sign an agreement at ...

ICT alliance Eitesal supports Egyptian Businessmen's Association

Published 15 Jan 2020 11:34 CET | Egypt

Egypt's Information, Telecommunications, Electronics and Software Alliance (Eitesal) and the Egyptian Businessmen's Association (EBA) have signed an agreement to unify their ...

Deezer signs up Mondia for carrier billing in Saudi Arabia, Egypt and UAE

Published 14 Jan 2020 11:08 CET | Egypt, Saudi Arabia, United Arab Emirates

Music streaming service Deezer and mobile technology company Mondia have signed an agreement to roll out direct carrier billing in Saudi Arabia, Egypt and the UAE. Mondia Pay ...

Orange Egypt signs USD 135 mln data centre, cloud platform deal with Administrative Capital for Urban Development

Published 13 Jan 2020 13:51 CET | Egypt

Orange Egypt has signed USD 135 million deal with the Administrative Capital for Urban Development to build and operate its data centre and cloud computing platform. The ...

Avaya to open service centre in Egypt

Published 08 Jan 2020 10:33 CET | Egypt

Avaya says it will launch a global centre in Egypt to provide its services to all the countries in which the company operates, besides localising its cloud-based ...

Orange Egypt provides fastest data network in November

Published 07 Jan 2020 10:34 CET | Egypt

Orange Egypt has topped the telecommunications market in Egypt as the best company in terms of speed for downloading data from the internet, the Daily News reported citing ...

Cairo Metro plans to launch travel information and booking app

Published 03 Jan 2020 11:10 CET | Egypt

The Cairo Metro has announced plans to launch a mobile application to help travelers using the subway with information about booking and subscriptions, EgyptToday reported. ...

Egypt's mobile subscriber base reaches 94.9 mln in September

Published 03 Jan 2020 09:21 CET | Egypt

The number of mobile telephony subscribers in Egypt increased to 94.6 million by September 2019, having added 140,000 new customers in August 2019, according to the latest ...

HyperPay closes funding round led by Mad'a Investment Co, some early investors exit

Published 02 Jan 2020 13:12 CET | Egypt, Saudi Arabia

HyperPay was founded in 2014 and processes millions of transactions every year for thousands of merchants selling goods and services online. This latest round of funding will ...

Viu partners with Cairo International Film Festival to fund Egyptian short films

Published 02 Jan 2020 13:08 CET | Egypt

PCCW Media's OTT video service Viu has joined forces with the Cairo International Film Festival (CIFF) to encourage the development and production of short films by emerging ...

 

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