Telecom Egypt, Fiber Misr Sign MoU in Submarine Cable Services Domain By MENA, Egypt Today December 13, 2018 CAIRO, Dec 13 (MENA) - Telecom Egypt signed a memo of understanding with Fiber Misr company on Thursday in the domain of submarine cable services. In a statement, the Communications Ministry said the memo will help upgrade [...]
Telecom Egypt Acquires 50% of EISCC for $15m By Andrea Ayemoba, Africa Tech September 24, 2018 Telecom Egypt announces that its board of directors has approved the acquisition of 50% of its subsidiary Egyptian International Submarine Cable Company (EISCC) at a value of USD 15mn. On 17 September 2018, Telecom Egypt had announced that EISCC [...]
Telecom Egypt concludes the acquisition of Middle East and North Africa Submarine Cable “MENA” Telecom Egypt Press Release September 17, 2018 Cairo, Egypt - Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces the conclusion of the acquisition of Middle East and North Africa Submarine Cable (“MENA Cable”) from Orascom Investment Holding “OIH” through its subsidiary Egyptian International [...]
Airtel Signs Submarine Cable Agreement with Telecom Egypt By Telecomlead August 6, 2018 Indian telecom operator Bharti Airtel announced a submarine cable partnership with Telecom Egypt. Airtel will get IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable (MENA Cable) and TE North Cable Systems and will take large capacities on two [...]
Telecom Egypt EISCC Buys MENA-SCS For $90m By Daily News Egypt May 21, 2018 Telecom Egypt has announced that its 50% subsidiary, the Egyptian International Submarine Cables Company (EISCC), has completed an agreement with Orascom Telecom Media and Technology Holding (OTMT) for the purchase of OTMT’s shareholding in Middle East and North Africa Submarine Cable [...]
Telecom Egypt Approves Acquisition Of MENA Cable From Orascom TMT, Long-Term Credit Facilities By Telecompaper May 10, 2018 Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of MENA Cable [...]
Telecom Egypt Cuts Dividend In Favour Of Submarine Cable Investment By Telecompaper March 28, 2018 Telecom Egypt announced that in light of a new investment opportunity in the submarine cable industry, the board determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share. In a statement, TE [...]
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