Telecom Egypt revenue records EGP 38 bln in H1 2024

This growth could be attributed to an increase in the retail segment revenue by 40 percent YoY, driven by a 46 percent increase in data revenue and expansion across all retail segments, Nasr said in a statement.

“Telecom Egypt's performance in the first half of 2024 exemplifies our resilience in navigating complex macroeconomic challenges, including currency devaluation and inflationary pressures, while sustaining robust growth,” added Nasr.

According to Nasr, Telecom Egypt’s most important statistics for H1 2024 are as follows.

The data services revenue contributed 48 percent to the overall increase in top-line growth, which is the company's revenue.

Additionally, revenue from international direct dialling (IDD) increased by 51 percent, while capacity sales revenue grew by 103 percent.

The company also saw an increase in its customer base across all areas.

The Fixed Voice and Fixed Broadband subscribers grew by eight percent YoY, while mobile phone subscribers rose by four percent YoY.