Telecom Egypt (Arabic: المصرية للإتصالات, Al-Masreiah lil-etiesalat) or Telecom Egypt SAE (TE) (LSE: TEEG), is Egypt’s main Telephone company. It started in 1854 with the first telegraph line in Egypt. In 1998, it replaced the former Arab Republic of Egypt National Telecommunication Organization (ARENTO).
The company has a fixed line subscriber base in excess of 12 million subscribers, which makes it the largest fixed line provider in the Middle East and Africa.
Telecom Egypt acquired TEData (formerly GegaNet) in late 2001 to act as its data communications and ISP arm. The company has another IT arm, Xceedcc - Xceed contact center - located in Egypt's Smart Village. Telecom Egypt’s shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo and Alexandria Stock Exchanges and the London Stock Exchange. Telecom Egypt also owns 44% of Vodafone Egypt. Telecom Egypt has adopted the contemporary quality integration trends and established the quality sector in 2001, which is now preparing the whole company to take the ISO9001-2000 certificate.
Read more about Telecom Egypt: Products and Services
Famous quotes containing the word egypt:
“The LORD brought us out of Egypt with a mighty hand and an outstretched arm, with a terrifying display of power, and with signs and wonders; and he brought us into this place and gave us this land, a land flowing with milk and honey.”
—Bible: Hebrew, Deuteronomy 26:8.