Company: Telecom Egypt
Country: Egypt
Sector: Major Telecom.
CEO: Mohamed Abdel Rahim
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Cairo, Egypt
Founded: 1854 (as telegraph service); established as Telecom Egypt in 1998
Valuation/Revenue: $1.594bn revenue and $1.361bn market value (African Business Top 250, 2025 ranking, rank 99); EGP 82bn revenue reported for FY2024
Telecom Egypt is Egypt’s national incumbent telecommunications operator, providing fixed-line telephony, broadband internet, data and international connectivity services, and — since 2017 — mobile services under its WE brand. Majority owned by the Egyptian government and listed on the Egyptian Exchange with London-listed depositary receipts, it is one of the largest and most strategically important companies in Egypt’s economy.
What Does Telecom Egypt Do?
Telecom Egypt’s core legacy business is fixed-line voice telephony, but it has diversified extensively over the past two decades. Its TE Data subsidiary is a major internet service provider offering broadband and fibre connections to homes and businesses. The company also plays a critical role in international telecommunications infrastructure given Egypt’s position as a key transit point for submarine cables linking Europe, Asia and Africa, making it an important wholesale carrier for global internet and voice traffic. In 2017, Telecom Egypt launched its own mobile network under the WE brand, becoming Egypt’s fourth mobile operator and directly competing with Vodafone Egypt, Orange Egypt and Etisalat Misr, while separately holding a substantial ownership stake in Vodafone Egypt itself.
How Big Is Telecom Egypt?
African Business magazine’s Top 250 ranking for 2025 placed Telecom Egypt 99th among Africa’s largest companies by revenue, with turnover of roughly $1.59 billion and a market value of about $1.36 billion. In local currency terms, the company reported revenue of approximately EGP 82 billion for the 2024 financial year, with EGP 24.8 billion reported for the first quarter of 2025 alone, reflecting continued growth in its data, mobile and wholesale carrier businesses. Telecom Egypt has also been ranked among Forbes’ Top 50 Listed Companies in Egypt.
Who Owns Telecom Egypt?
The Egyptian government holds an approximately 80% stake in Telecom Egypt, retained since the company’s initial public offering in November 2005, when roughly 20% of shares were sold to public investors. The company’s shares trade on the Egyptian Exchange under the ticker ETEL, and it also has global depositary receipts listed on the London Stock Exchange, giving international investors indirect access to the stock.
Is Telecom Egypt Publicly Traded?
Yes. Telecom Egypt has been a publicly listed company since its 2005 IPO, trading on the Egyptian Exchange with an additional international listing via London-traded depositary receipts, even though the Egyptian state remains the dominant shareholder.
How Old Is Telecom Egypt?
Telecommunications services in Egypt trace back to a telegraph line established in 1854, one of the earliest in the region. The modern Telecom Egypt corporate entity was established in 1998 when the country’s telecom operations were carved out of the state telecommunications authority into a joint-stock company, ahead of its later partial privatisation via IPO in 2005.
How Does Telecom Egypt Compare to Its Competitors?
Telecom Egypt dominates Egypt’s fixed-line and broadband market with limited direct competition in that segment, but in mobile it competes as a newer entrant (via WE) against three larger, more established operators — Vodafone Egypt, Orange Egypt and Etisalat Misr — each backed by major international telecom groups. Its 44.95% ownership stake in Vodafone Egypt gives it an unusual dual position in the market: both a mobile competitor to Vodafone Egypt and a substantial shareholder benefiting from its rival’s profits, a structure that has periodically drawn regulatory and market attention in Egypt.
How Do I Contact Telecom Egypt?
No verified careers page, LinkedIn company URL or public contact email could be confirmed for Telecom Egypt during this research.
What Role Does Telecom Egypt Play in Regional Connectivity?
Beyond its retail and enterprise telecom services, Telecom Egypt is a critical piece of global internet infrastructure because of Egypt’s geography: a large share of internet and voice traffic between Europe and Asia physically transits Egyptian territory via a dense concentration of submarine cable landing stations connecting the Mediterranean and Red Seas. This wholesale connectivity and transit business gives Telecom Egypt a revenue stream largely insulated from domestic retail competition, and the company has continued to invest in data centre capacity and cable infrastructure to capture growing demand for cloud and data traffic routed through Egypt. The company operates under the regulatory oversight of Egypt’s National Telecommunications Regulatory Authority (NTRA) and Ministry of Communications and Information Technology, which have periodically pushed for greater competition and lower data prices in the Egyptian market even as the state retains its majority ownership position in the incumbent operator.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Telecom Egypt state-owned? Yes, the Egyptian government holds approximately 80% of the company, with the remainder publicly traded.
Is Telecom Egypt publicly traded? Yes, on the Egyptian Exchange (ticker ETEL), with depositary receipts also listed in London.
Who is the CEO of Telecom Egypt? Mohamed Abdel Rahim.
What is Telecom Egypt’s mobile brand called? WE, launched in 2017 as Egypt’s fourth mobile network.
Does Telecom Egypt own part of Vodafone Egypt? Yes, it holds a 44.95% stake in Vodafone Egypt.
How big is Telecom Egypt? Roughly $1.59 billion in annual revenue and $1.36 billion market value as of the 2025 African Business Top 250 ranking.