If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTelecom Egypt S Regulatory News (TEEG)

Share Price Information for Telecom Egypt S (TEEG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.30
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 3.30
High: 0.00
Low: 0.00
Prev. Close: 3.30
TEEG Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TE announces board and exec. management changes

28 Mar 2023 14:57

RNS Number : 5106U
Telecom Egypt S.A.E
28 March 2023
 

Telecom Egypt announces changes to board structure and executive management

March 28, 2023: Telecom Egypt today announces that Eng. Mohamed Nasr Eldin Mohamed Ali has been appointed as Managing Director and CEO of the company to succeed Eng. Adel Hamed Ibrahim Gadallah. The board of directors (the "Board") has accepted Eng. Adel Hamed's request to be relieved from the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology. However, Eng. Hamed will remain on Telecom Egypt's board of directors as a non-executive member. The Board meeting held today has approved these changes and are effective immediately.

Dr. Magued Osman, Chairman of the Board, commented:

"The Board appointed Eng. Mohamed Nasr ElDin as the new Managing Director and CEO given his track record and profound ICT experience, including his previous role as Head of Telecom Egypt's International Cables and Networks Business Unit in 2014. We are confident he is the ideal candidate to take over the helm and maintain Telecom Egypt's leadership in various areas at the local and international levels, while continuing to drive quality and sustain customer base growth, maximizing our assets and creating value for all our stakeholders and the society at large. We wish him success in his new role. I would also like to thank former Managing Director and CEO Eng. Adel Hamed for his distinguished efforts and successful leadership of the company despite the many challenges we faced in the previous period. I wish him all the best in his new position and future endeavors."

 

Eng. Mohamed Nasr Eldin, Managing Director and Chief Executive Officer, commented:

"I'd like to thank Telecom Egypt's Board of Directors for entrusting me with the role of Managing Director and CEO at this critical juncture. I am eager to work with the Board and executive management team to achieve greater success for the company and further develop our customer-focused culture, all while looking out for the best interests of all other stakeholders, including shareholders, investors, and partners. I will devote all my efforts to execute the company's vision and strategy of becoming the leading ICT provider while maintaining and growing its position as the leading integrated telecom operator. My priorities include developing and diversifying the mix of services to suit our rapidly-evolving customer needs, providing distinguished customer experience at all levels and expanding our customer base. I also look forward to leveraging the company's distinguished pool of talent to maximize all available opportunities for success and growth. Finally, I would like to thank Eng. Adel Hamed for his exceptional leadership during the preceding challenging period."

 

Eng. Mohamed Nasr Eldin was appointed as a member of Telecom Egypt's Board of Directors in July 2020, representing the government.

 

He joined Telecom Egypt in 2004, eventually becoming Head of the International Cables and Networks Business Unit in 2014. During that period, Eng. Nasr Eldin undertook several initiatives that contributed to maximizing Telecom Egypt's revenues and capitalized on Egypt's strategic position as a route for international submarine cables.

 

From May 2020 until March 2023, he was Deputy ICT Minister for Global Information Infrastructure at the Ministry of Communications and Information Technology. With over 20 years of experience in the telecommunications sector, Eng. Nasr Eldin specializes in the planning, development, and operations of submarine cables and international networks. He also has extensive experience in managing international programs and projects, having held several positions since 2016 at PCCW Global--the global operating division of Hong Kong Telecom--including Head of Subsea Cable Infrastructure; Vice President of Cable Innovation, Planning, and Management; as well as Assistant Vice President of Cable Development for the Europe, Middle East, and Africa region. His key role at PCCW included planning for new submarine cables and carrying out the corresponding feasibility and investment studies.

Eng. Nasr Eldin earned a bachelor's degree in Telecommunications Engineering from Al-Azhar University in Egypt in 2001 and also holds an MBA.

 

- End -

 

About Telecom Egypt

 

Telecom Egypt is the first integrated telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering its enterprise and consumer customers the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. Aside from its mobile operation "WE", the company owns a 45% stake in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange. Please refer to Telecom Egypt's full financial disclosure on ir.te.eg

 

For more information, contact:

The investor relations team

Email: investor.relations@te.eg

 

- End -

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOABXGDXXUDDGXI
Date   Source Headline
5th Nov 20188:10 amRNSFS prepared in accordance with IFRSs ended31-3-18
31st Oct 20189:03 amRNSNotice of Results for Q3 2018 Amendment
31st Oct 20187:09 amRNSNotice of Results for Q3 2018
18th Oct 20189:08 amRNSTE signs USD 500mn medium-term syndicated loan
2nd Oct 20182:59 pmRNSTE signs agreement with Bharti for submarine cable
24th Sep 20187:00 amRNSTE BoD approves the acquisition 50% of "EISCC"
17th Sep 20187:00 amRNSTE concludes the acquisition of MENA Cable
14th Aug 20187:00 amRNSTE Announced Q2 2018 Consolidated Results
14th Aug 20187:00 amRNSTE Announced Separate FS ended June 30, 2018
14th Aug 20187:00 amRNSTE Announced Consolidated FS ended June 30, 2018
9th Aug 20187:00 amRNSTE&Etisalat Misr sign MoU for virtual fixed voice
6th Aug 20187:56 amRNSAirtel&TE announce partnership for submarine cable
31st Jul 20189:16 amRNSTE Q2 2018 Notice of Results
16th Jul 20187:00 amRNSLiquid Telecom and Telecom Egypt announce MoU
10th Jul 20187:00 amRNSOrange - TE international tranmission interconnect
5th Jul 20187:00 amRNSTE & Etisalat sign agreements for roaming &mobile
30th May 20187:00 amRNSTE obtains US$200mn financing from Chinese banks
22nd May 20187:00 amRNSTelecom Egypt signs US$200 million financing deal
21st May 20187:00 amRNSSignature of SPA for the acquisition of MENA Cable
10th May 20187:00 amRNSTE announced Separate FS ended March 31, 2018
10th May 20187:00 amRNSTE Announced Consolidated FS ended March 31, 2018
10th May 20187:00 amRNSTE Announced Q1 2018 Consolidated Results
10th May 20187:00 amRNSApproval on acquisition of MENA Cable
24th Apr 20188:04 amRNSTE Q1 2018 Notice of Results
10th Apr 20189:41 amRNSTE Announces its Annual Dividend Payments Dates
29th Mar 201810:11 amRNSTE Resolutions of ExtraOGM meeting 29 March 2018
29th Mar 201810:07 amRNSTE Resolutions of OGM Meeting 29 March 2018
28th Mar 20187:00 amRNSTE announces potential submarine cable investment
5th Mar 20187:00 amRNSTE Announced FY 2017 Consolidated Results 5/3/2018
5th Mar 20187:00 amRNSSeparate Financial Statements for FY 31/12/17
5th Mar 20187:00 amRNSTE Invitation to the Ordinary General Assembly
5th Mar 20187:00 amRNSTE Invitation to Extra Ordinary General Assembly
5th Mar 20187:00 amRNSConsolidated Financial Statements for FY 31/12/17
20th Feb 20188:30 amRNSTE signs with Orange Data to provide bitstream
15th Feb 20187:00 amRNSTelecom Egypt Notice of Full Year Results
5th Feb 20187:00 amRNSTE signs a Wholesale Agreement with Vodafone
23rd Jan 20187:00 amRNSTelecom Egypt signs Settlement with Etisalat Misr
22nd Jan 20187:00 amRNSTE IR adapting the"WE" by launching new portal
28th Dec 20177:00 amRNSTE Board of Directors approves 2018 budget
22nd Nov 201712:30 pmRNSTE & Orange Egypt Sign Final Settlement Agreement
14th Nov 20177:00 amRNSTE 3Q Condensed Consolidated Financial Statements
14th Nov 20177:00 amRNSTE 3Q Condensed Separate Financial Statements
14th Nov 20177:00 amRNSTE Announced Q3 2017 Consolidated Results 14/11/17
6th Nov 20177:00 amRNSTE Notice of Results of 3Q 2017
6th Nov 20177:00 amRNSTE Renews International Service Agreement
20th Sep 20179:12 amRNSWE - Launch of Mobile Operation
15th Aug 201710:57 amRNSTE Announces 2Q 2017 Consolidated Results
15th Aug 20178:00 amRNSTE Announces 2Q 2017 Consolidated Results
15th Aug 20178:00 amRNSTE 2Q 2017 Separate Financial Statements
15th Aug 20178:00 amRNSTE 2Q 2017 Consolidated Financial Statements

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.