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Telecom Egypt logo — The first total telecom operator in Egypt

Telecom Egypt

The first total telecom operator in Egypt

Founded 1854 Egypt Egypt 16291 employees Debt Financing Total: $350.00M Cloud Infrastructure, Internet +1

General Information

Company Name Telecom Egypt
Founded Year 1854
Location Egypt Egypt
Employees 16291
Industries Cloud Infrastructure, Internet, Telecom
Funding Stage Debt Financing
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About Telecom Egypt

Telecom Egypt is the first total telecom operator in Egypt, with a history dating back to its establishment in 1854. Leveraging its extensive infrastructure, one of the largest in the region, the company has been a key driver of growth in the local ICT market. Telecom Egypt serves a diverse customer base, including consumers, enterprises, domestic and international carriers, and its consolidated top-line reached EGP 22.8bn. In September 2017, Telecom Egypt launched its mobile services under the new retail brand "WE." Within a year, "WE" introduced the market’s first fully integrated bundle, consolidating all consumer services – fixed and mobile, voice and data – into a single bill. This move showcased the company's agility in the telecommunications industry and marked its initial step toward full convergence. By the end of 2018, Telecom Egypt's fixed voice customers reached 7.9mn, with 5.2mn enjoying fixed broadband connectivity, while its mobile customer base grew to 3.9mn. The company's wholesale unit plays a crucial role, offering infrastructure, transmission, and international voice services to local mobile operators and internet service providers. Additionally, it provides international carries capacities through one of the largest submarine cable networks globally. Notably, in March 2022, Telecom Egypt secured a €150.00M Debt Financing investment from the European Investment Bank (EIB). This strategic investment further strengthens Telecom Egypt's position and underscores its potential for continued growth and innovation in the field of telecommunications.

Business keywords: Telecom Operator, ICT Market, Mobile Services, Convergence, Telecommunications Industry, Fixed Voice Services, Broadband Connectivity, Wholesale Services, International Carriers, Submarine Cable Networks

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing €150.00M 1
European Investment Bank
27 Mar 2022
Debt Financing $200.00M 2
China Export & Credit Insurance Corporation, Bank of China
30 May 2018

Telecom Egypt Alternatives & Competitors

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FAQ About Telecom Egypt

The first total telecom operator in Egypt
Telecom Egypt was founded in 1854.
Telecom Egypt is headquartered in Egypt.
Telecom Egypt operates in Cloud Infrastructure, Internet and Telecom. Its work centres on Telecom Operator, ICT Market, Mobile Services and Convergence.
Telecom Egypt has approximately 16291 employees.
Telecom Egypt has completed 2 funding rounds, raising a total of $350.00M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Telecom Egypt include ATN International, Axistel FZE, Southern Cross Cables Limited, JSC “ER-Telecom Holding”, mtel.ba. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Telecom Egypt and ATN International are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Telecom Egypt, https://bouncewatch.com/company/telecom-egypt, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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