Last checked at 22 Sep 2015 11:34
Telecom Egypt Appoints Mr. Waleed Gad as a non Executive Chairman
Cairo, September 22, 2015: Telecom Egypt (te) (Ticker: ETEL.CA; TEEG.LN), today announced the appointment of Mr. Waleed Gad as a non executive Chairman in place of Dr. Mohamed Salem. The appointment of Mr. Gad was effective from September 20th 2015.
Mr. Gad brings extensive experience and expertise in management and information technology matters. He also provides a high level of guidance and leadership to te's Board, on which he has been a member since August 2012.
Mr. Gad has 48 years' experience in Information Technology. He held a number of managerial positions within Fujitsu Services, and from 1994 to 2008, he was appointed as a Vice President for the Middle East. Currently, he works as a consultant in management & information systems.
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For more information, contact:
Mohamed Kamal |
Director of Media & Investor Relations |
Tel: +202 3131 5219 |
Fax: +202 3131 6115 |
E-mail: investor.relations@te.eg
About Telecom Egypt
Telecom Egypt (te), Egypt's incumbent telecommunications operator, started its operations in 1854 with the first telegraph line in Egypt. Then it was corporatized in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organization (ARENTO). The Company is the largest provider of fixed-line services in the Middle East and Africa with 6.7 million subscribers as at 30 June 2015.
te provides retail telecommunication services including access, local, long distance and international voice, Internet and data, and other services. The company also provides wholesale services including bandwidth capacity leasing to ISPs, and national and international interconnection services. Telecom Egypt's services
also include the provision of narrowband and broadband internet access through its subsidiary TE Data. TE Data has active operations in Egypt and Jordan.
te currently participates in the mobile segment in Egypt by providing mobile interconnectivity through its current, increased 44.95% holding in Vodafone Egypt, one of the three existing Egyptian mobile operators.
te's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange.