Telecom Egypt S Regulatory News (TEEG)

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Article (3)

Article (3)

The purpose of the Company is:

Setting up and operating wire and wireless telecommunications networks inside and outside the Arab Republic of Egypt and linking same to the international domain. For achieving such purposes, the Company shall have the right to perform the following acts:

(a) Setting up and operating wire and wireless telecommunications networks;

(b) Providing wire and wireless telephone services;

(c) Managing and maintaining the facilities, devices and equipment required for providing such services;

(d) Implementing the projects necessary for achieving its purposes or relating thereto, as well as developing its services in a manner that guarantees that they are in keep pace with the global level in such fields;

(e) Cooperating with companies and international organizations to link the Arab Republic of Egypt with the outside world; and

(f) Real estate investment to serve its purposes and execute its projects.

For achieving its purposes, the Company may establish - or participate in the establishment of new or existing companies, which operate in the field of its activity, or in fields related or supplementary to its activity.

The purpose of the Company is:

Setting up, owning, operating and developing telecommunications networks for transmitting and providing telecommunications and information technology services inside and outside the Arab Republic of Egypt, and all other services which can be provided by using wire and wireless networks, techniques and technology. In addition, it shall have the right to perform all acts and specialties which will lead to achieving its purpose. For achieving such purposes, the Company shall have the right to perform the following:

(1) owning, setting up, operating, maintaining and developing telecommunications networks and infrastructure required for telecommunications services for using and/or managing and/or leasing to others and/or dealing in same;

(2) providing audio and visual telecommunications and data transmission services to subscribers and/or managing and/or leasing to others and dealing in same;

(3) participating or sharing in global telecommunications systems, such as maritime cables and satellites, and obtaining capacities or circuits therein, for using and/or managing and/or leasing to others and/or dealing in same;

(4) dealing, contracting or participating with agencies, authorities, companies, organizations or any entities that practice the same or similar activity to the activities of the Company, are related thereto, or assist the Company to achieve its purposes, whether inside the Arab Republic of Egypt or overseas;

(5) managing, selling, leasing, purchasing, possessing, renting and dealing in any properties and rights, or benefit or right therein, including movable and immovable properties, that the Company may possess or own;

(6) selling, purchasing and distributing landline telephone sets, mobile phones, computers, peripherals, accessories, auxiliaries and supplementary devices thereof, their required spare parts as well as the maintenance works associated therewith;

(7) setting up audio, video and written data transmission networks; and providing value-added services, content services, marketing, electronic signature and money transfers through internet; and

(8) real estate investment to serve its purposes and carry out its projects.

For achieving its purposes, the Company may establish - or participate in the establishment of new or existing companies, which operate in the field of its activity, or in fields related or supplementary to its activity, whilst observing the provisions of applicable laws, regulations and decrees, and provided that the Company shall obtain the licenses required for practicing its activity.

The Company may have an interest or participate in any manner with other companies and entities practicing similar activities or which may assist it to achieve its purposes in the Arab Republic of Egypt or overseas. The Company may also amalgamate with, purchase or merge into the said entities, in accordance with the provisions of the Act and its Executive Regulations.