Telecom Egypt revenue up 20% in Q1, EBITDA grows 42%

Tuesday 11 May 2021 | 08:50 CET | News
Telecom Egypt's revenue increased by 20 percent to EGP 8.4 billion in the first quarter of 2021 compared to EGP 7.0 billion in the same period in 2020. Customers grew across the board, with fixed voice customers increasing 7 percent to 10.05 million, fixed data up 22 percent year-on-year to 7.26 million, and mobile customers 38 percent higher at 8.52 million. EBITDA rose 42 percent to EGP 3.2 billion, recording a strong margin of 39 percent thanks to an enhanced revenue mix and continued cost optimisation, the company said. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Egypt
Countries: Egypt
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Telecom Egypt launches 'WE Access' service for SMEs

Published 27 May 2021 10:25 CET | Egypt
Telecom Egypt (TE) has launched the WE Access service to support small- and medium-sized enterprises (SMEs) in developing their ...

Telecom Egypt selects Juniper Networks for infrastructure expansion and upgrade

Published 11 May 2021 09:33 CET | Egypt
Juniper Networks has announced that it has been selected to design and execute a significant network capacity expansion and ...

Telecom Egypt, Sudatel sign deal on international connectivity

Published 16 Apr 2021 09:25 CET | Egypt
Telecom Egypt and the Sudatel Telecom Group signed a memorandum of understanding (MoU) to enhance cooperation in the field of ...

Telecom Egypt agrees to provide FTTH services to Ora Developers

Published 15 Apr 2021 09:46 CET | Egypt
Telecom Egypt has signed a protocol of cooperation with Ora Developers to provide integrated communications services to Ora's ...

Telecom Egypt and Libyan International Telecom Co discuss cooperation

Published 29 Mar 2021 09:37 CET | Egypt
Telecom Egypt and Libyan International Telecommunication Company (LITC) have held talks on cooperation in international ...

Telecom Egypt raises proposed FY dividend after higher Vodafone pay-out

Published 23 Mar 2021 12:56 CET | Egypt
Vodafone Egypt approved a dividend of EGP 2 billion during its ordinary general meeting held on 18 March, of which Telecom ...

Telecom Egypt to create fibre route between Red Sea, Mediterranean via Suez Canal campus

Published 23 Mar 2021 10:41 CET | Egypt
Telecom Egypt has signed a contract with the Suez Canal Authority in coordination with the Armed Forces Signal Corps, to ...

Telecom Egypt plans to launch Hybrid African Ring Path subsea system by 2023

Published 03 Mar 2021 10:19 CET | Egypt
Telecom Egypt has announced plans to launch the Hybrid African Ring Path (HARP) by 2023. The new subsea system will outline the ...

Telecom Egypt revenue up 41% in Q4, fixed broadband customers up 20%

Published 24 Feb 2021 09:44 CET | Egypt
Telecom Egypt's revenue grew 41 percent to EGP 9.56 billion in the three months to 31 December 2020 from EGP 6.79 billion in Q4 ...