Top 10 telecommunication companies in Egypt
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This report delves into the key aspects of the sector, providing vital information for CEOs of Egyptian companies and foreign investors about industry growth and performance.
Robust Sector Growth: Egypt's ICT sector has recorded a remarkable 16.3% growth in FY2022/23, marking it as the country's fastest-growing sector for the fifth consecutive year. This underscores the sector's robust performance and its significant contribution to the national economy.
Contribution to GDP: The telecommunications sector's contribution to Egypt's GDP has risen over 5%, reflecting its growing importance in the national economy.
Robust Sector Growth: Egypt's ICT sector has recorded a remarkable 16.3% growth in FY2022/23, marking it as the country's fastest-growing sector for the fifth consecutive year. This underscores the sector's robust performance and its significant contribution to the national economy.
Contribution to GDP: The telecommunications sector's contribution to Egypt's GDP has risen over 5%, reflecting its growing importance in the national economy.
| Company | Founded | Company description |
|---|---|---|
| 1976 | Etisalat Misr operates and manages GSM Mobile telecommunications network, provides Internet serives in Egypt. | |
| 1998 | Orange is one of the world’s leading telecommunications operators. | |
| 1854 | Telecom Egypt is one of the oldest and largest telecommunications companies in Egypt and the Middle East. | |
| 1974 | Giza Systems is a leading Systems Integrator in the Middle East and Africa Region. | |
| 2007 | Si-Vision is a leading IP provider of high-performance, low-power radio frequency intellectual property (RF IP). | |
| 1999 | egabi is founded in 1999 under the name BSD (Banking Systems Development) by a group of experts in the financial and technology industries. | |
| 1987 | HitekNOFAL is a leading provider of integrated communication network solutions. The company has been ISO 9001-certified since 1997. | |
| 2009 | EcoTel leading ICT company providing an end-to-end Digital Transformation Integrated Solutions and Engineering services | |
| 1998 | Nilesat was established in 1996 to operate Egyptian satellites, associated ground control stations and uplinking facilities. | |
| 1984 | SEE provides outstanding solutions in Data Center, virtualization, Unified Computing, Collaboration, Video, Security, and Cloud. | |
| 2005 | CCTV & IP Surveillance system, Access Control System, Time Attendance, Intrusion System, Fire Alarm System, Public Address System, Metal Detectors |
Key Developments and Investments
Telecom Egypt's Tower Sale: Telecom Egypt is in the process of selling about 2,500 of its 2,800 communication towers, with offers reaching up to $250M. This move signifies a strategic shift in the telecom infrastructure landscape.
Satellite Internet by Hayat Communications: Kuwait's Hayat Communications plans to provide satellite internet in Egypt, targeting large companies and the navigation sector, particularly in desert areas.
Egypt’s Space Ambitions: The successful launch of the MisrSat 2 satellite, the first Egyptian product in space, along with plans for EgyptSat 2, demonstrates Egypt's growing capabilities in space technology.
Green Network Towers: Egypt is advancing in sustainable telecom infrastructure by deploying the continent’s first green tower compatible with the wireless network.
Quality Management Certification for Nilesat: Nilesat’s receipt of the ISO 9001:2015 certificate is a testament to the high standards maintained in satellite communications.
Challenges and Responses
Price Increases: Egyptian telecom companies have increased tariffs by 10-15%, reflecting the sector's response to economic pressures.
Regulatory Actions: Telecom Egypt was fined LE 20 million over internet service interruptions, highlighting the regulatory environment's focus on service quality.
International Collaborations and Expansion
Global Connectivity Projects:
Egypt-Europe Undersea Cable: The government’s collaboration with Jan De Nul for an undersea export cable project to connect Egypt and Europe.
Fiber-Optic Cable Project: Telecom Egypt's partnership with Hungary’s 4iG to establish a fiber-optic cable between Egypt, Albania, and beyond.
Medusa System Extension: The extension of the Mediterranean network to the Red Sea demonstrates Egypt's strategic position in global data transfer.
Investments in Submarine Cables: Egypt's investment of over $300 billion in developing internet submarine cables underscores its commitment to becoming a global connectivity hub.
Corporate Strategies and Financial Performance
Telecom Egypt’s Revenue Growth: Telecom Egypt reported a significant revenue increase in the first quarter of 2023, showcasing strong financial performance.
Vodacom and Vodafone Investments: Vodacom's acquisition in the Egyptian arm of Vodafone and its impact on the company's revenue structure.
Strategic Investments by Major Players:
Huawei's $430 million Investment: Aimed at North Africa, this investment plan is indicative of the region's growing importance in the global ICT landscape.
Etisalat by e&'s Investment Plans: The company’s planned investment in Egypt reflects confidence in the market's potential.
Government Initiatives and Digital Transformation
5G Network Licensing: The Egyptian government's plan to distribute 5G network licenses, with investments reaching up to $500 million, marks a significant step in the country's digital infrastructure development.
Digital Transformation Investment: The government's investment of EGP 50 billion in digital transformation projects highlights its commitment to modernizing the country's ICT infrastructure.
Cairo ICT Event: The success of the 27th edition of Cairo ICT, a prominent technology exhibition, underscores Egypt's role as a technology hub in the Middle East and Africa.
Conclusion
Egypt's telecommunication and ICT sector is poised for continued growth and expansion, driven by significant investments, government initiatives, and a strategic focus on digital transformation and global connectivity. The sector's robust performance, coupled with its increasing contribution to the national economy, positions Egypt as a leading tech hotspot in the MENA region. For CEOs and foreign investors, these developments represent a landscape rich with opportunities for investment, collaboration, and innovation in a rapidly evolving market.
Disclaimer
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.
Telecom Egypt's Tower Sale: Telecom Egypt is in the process of selling about 2,500 of its 2,800 communication towers, with offers reaching up to $250M. This move signifies a strategic shift in the telecom infrastructure landscape.
Satellite Internet by Hayat Communications: Kuwait's Hayat Communications plans to provide satellite internet in Egypt, targeting large companies and the navigation sector, particularly in desert areas.
Egypt’s Space Ambitions: The successful launch of the MisrSat 2 satellite, the first Egyptian product in space, along with plans for EgyptSat 2, demonstrates Egypt's growing capabilities in space technology.
Green Network Towers: Egypt is advancing in sustainable telecom infrastructure by deploying the continent’s first green tower compatible with the wireless network.
Quality Management Certification for Nilesat: Nilesat’s receipt of the ISO 9001:2015 certificate is a testament to the high standards maintained in satellite communications.
Challenges and Responses
Price Increases: Egyptian telecom companies have increased tariffs by 10-15%, reflecting the sector's response to economic pressures.
Regulatory Actions: Telecom Egypt was fined LE 20 million over internet service interruptions, highlighting the regulatory environment's focus on service quality.
International Collaborations and Expansion
Global Connectivity Projects:
Egypt-Europe Undersea Cable: The government’s collaboration with Jan De Nul for an undersea export cable project to connect Egypt and Europe.
Fiber-Optic Cable Project: Telecom Egypt's partnership with Hungary’s 4iG to establish a fiber-optic cable between Egypt, Albania, and beyond.
Medusa System Extension: The extension of the Mediterranean network to the Red Sea demonstrates Egypt's strategic position in global data transfer.
Investments in Submarine Cables: Egypt's investment of over $300 billion in developing internet submarine cables underscores its commitment to becoming a global connectivity hub.
Corporate Strategies and Financial Performance
Telecom Egypt’s Revenue Growth: Telecom Egypt reported a significant revenue increase in the first quarter of 2023, showcasing strong financial performance.
Vodacom and Vodafone Investments: Vodacom's acquisition in the Egyptian arm of Vodafone and its impact on the company's revenue structure.
Strategic Investments by Major Players:
Huawei's $430 million Investment: Aimed at North Africa, this investment plan is indicative of the region's growing importance in the global ICT landscape.
Etisalat by e&'s Investment Plans: The company’s planned investment in Egypt reflects confidence in the market's potential.
Government Initiatives and Digital Transformation
5G Network Licensing: The Egyptian government's plan to distribute 5G network licenses, with investments reaching up to $500 million, marks a significant step in the country's digital infrastructure development.
Digital Transformation Investment: The government's investment of EGP 50 billion in digital transformation projects highlights its commitment to modernizing the country's ICT infrastructure.
Cairo ICT Event: The success of the 27th edition of Cairo ICT, a prominent technology exhibition, underscores Egypt's role as a technology hub in the Middle East and Africa.
Conclusion
Egypt's telecommunication and ICT sector is poised for continued growth and expansion, driven by significant investments, government initiatives, and a strategic focus on digital transformation and global connectivity. The sector's robust performance, coupled with its increasing contribution to the national economy, positions Egypt as a leading tech hotspot in the MENA region. For CEOs and foreign investors, these developments represent a landscape rich with opportunities for investment, collaboration, and innovation in a rapidly evolving market.
Disclaimer
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.