Ready to play
Ready to play
In early 2026, Telecom Egypt launched a new strategy aimed at increasing revenues and improving asset management, resulting in a 20% growth in profits and a 47% increase in net profits in the first half of the year. The net profit reached approximately 26%, compared to 21% during the same period in 2025. Additionally, the company experienced an improvement in cash flows, which rose to around $198.8 million (10 billion Egyptian pounds), and the debt-to-EBITDA ratio decreased to 1.1 times. The company also targeted expanding its data center sector, announcing the launch of the "RDH 2" center before the end of 2026 and establishing an independent company to manage data center assets to enhance profitability and diversify revenue streams. This effort relies on a robust infrastructure that includes submarine cables and an internal transport network.
Notice: This Is an AI-Generated Summary
Comments (0)