Telecom Operators

Consolidated revenue surged by 28% year-over-year, hitting EGP 56.7 billion. This growth was led by a substantial 18% year-over-year growth in data, with infrastructure, IDD, and cable projects also contributing significantly with growth rates of 27%, 76%, and 64%, respectively. The customer base for fixed voice and broadband expanded by 8% and 9% year-over-year, respectively, while the mobile customer base remained stable. EBITDA saw a remarkable 30% year-over-year increase, achieving a robust 40% margin at EGP 22.7 billion, slightly surpassing management's expectations.

Qvantel, a leader in Digital BSS, announced that it has been awarded a contract by multinational technology company SATEC Group to provide Qvantel Flex BSS to Telecom Namibia to support its digital transformation strategy.

Etisalat by e& - Egypt announced a collaboration with AWS during the Mobile World Congress 2024 in Barcelona, Spain. The partnership aligns with Etisalat Egypt’s strategy to offer cloud services using cutting-edge technologies, aiming to enhance data transfer speeds, storage capacity, and operational efficiency for businesses and individuals across various sectors.

MTN South Africa has collaborated with the Gauteng Provincial Community Police Board to address the escalating issue of theft and vandalism of cellphone tower infrastructure nationwide. This partnership aims to empower Community Policing Forums to combat such crimes, particularly the theft of batteries and cables from cell towers in various regions of South Africa.

In a significant stride towards enhancing telecommunications infrastructure across Africa, Telecom Egypt, a prominent telecommunications firm, has partnered with Huawei to lead the way in innovative technologies. These initiatives include pioneering Africa's inaugural DWDM 1.2Tbps single-channel lab test, preparing for 5G implementation, and successfully concluding the continent's first 50G PON trial.

Ethio Telecom, the public telecommunications company, launched its 5G mobile services in Dire Dawa, Ethiopia's second-largest city by population.

The International Finance Corporation (IFC) signed a new cooperation agreement with Vodafone M-PESA Mozambique. The agreement aims to explore opportunities for expanding Vodafone's mobile payment services into rural areas, benefiting small-scale farmers.

Safaricom Telecommunications Ethiopia PLC has partnered strategically with Ethiopian Airlines, the national flag carrier, to integrate MPESA into the airline's fly gate payment system.

Mastercard has successfully finalized the acquisition of a minority stake in the fintech arm of MTN Group, a leading mobile operator.

The National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country’s first license to install and operate 5G networks for mobile phones for USD 150 Million. The 5G license will be valid for 15 years.