Telecom Egypt S Regulatory News (TEEG)

2 Nov 2006 16:35

Telecom Egypt S.A.E02 November 2006 Telecom Egypt Appoints Three New Vice Presidents Cairo, 2nd November, 2006: Telecom Egypt (TE) (Ticker: ETEL.CA; TEEG.LN)announced the appointment of Mohamed Elnawawy as Vice President of Internationaland Regulatory Affairs, Khaled Marmoush as Vice President of InformationTechnology and Sayed Dessouky as Vice President of Projects' Implementation.These appointments became effective as of October, 2006. Commenting on the appointments, Akil Beshir, Chairman of Telecom Egypt said: "This announcement comes at an important time for Telecom Egypt. We continue tolook for opportunities to expand our operations internationally, grow our dataand information technology products and services, while adapting our business tothe changing shape of the telecommunications market in the Middle East and NorthAfrica. "These appointments will considerably strengthen TE's current and futuremanagement team and support the ongoing growth and success of the company.Furthermore, such senior appointments to the areas of International andRegulatory Affairs, Information Technology and Project Implementation underscorethe important role we believe these divisions are set to play in Telecom Egypt'sfuture." Mohamed Elnawawy comes to Telecom Egypt from TE Data, the internet and datasubsidiary 95% owned by TE, where he has held the position of Chairman andManaging Director since 2001. Through August 2001 he consulted for Egypt'sMinistry of Communications & Information Technology (MCIT), Egypt's NationalTelecom Regulatory Authority (NTRA), Telecom Egypt (TE) and others,participating in drafting the telecommunication law of 2003 and the design andimplementation of a new IS/PDN licensing framework. Elnawawy has authored andco-authored papers on telecommunications regulation and Internet governance, andholds a Bachelors degree in Computer Science. Khaled Marmoush moves into the position of Vice President for InformationTechnology having previously held the position of Director of InformationTechnology at Telecom Egypt since October 2005. Marmoush has more than 20 yearsof experience in the areas of executive management, consulting, businessdevelopment and analysis, and project management. He has also worked withseveral international consulting and systems integration firms in Canada, Egypt,U.A.E, and the US. Marmoush holds a Masters in Information Science and aBachelors degree in Computer Science. Sayed Dessouky was appointed Vice President for Projects' Implementation havingpreviously worked in various managerial and technical positions within thecompany since 1973. These roles have included Director for Implementation andMaintenance for Upper Egypt since October 2001 and also General Manager forProject Implementation for National Calling exchanges. Dessouky holds aBachelors degree in Communications Engineering. - Ends - For further information: Investor Relations Contacts Tarek Tantawy, CFADirector of Investment, Treasury & Investor RelationsTelephone: +202 5788111Fax: +202 5789314 Eman AnisInvestor Relations ManagerTelephone: +202 5788787Fax: +202 5789314E-mail: investor.relations@telecomegypt.com.eg Notes to Editors: About Telecom Egypt Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started itsoperations in 1854 with the first telegraph line in Egypt. Then it wascorporatized in 1998 to replace the former Arab Republic of Egypt NationalTelecommunication Organization (ARENTO). The Company is the largest provider offixed-line services in the Middle East and Africa with 10.6 million subscribersas at the end of June 2006 representing a teledensity of 14.8 percent. TEprovides retail telecommunication services including access, local, longdistance and international voice, Internet and data, and other services. Thecompany also provides wholesale services including bandwidth capacity leasing toISPs, and national and international interconnection services. Telecom Egypt'sservices also include the provision of narrowband and broadband internet accessthrough its subsidiary TE Data. TE Data has current operations in Egypt andJordan. TE currently participates in the mobile segment in Egypt by providing mobileinterconnectivity and though its current 48.97% holding in Vodafone Egypt, oneof the two Egyptian mobile operators. TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo andAlexandria Stock Exchanges and the London Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange