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Telecom Egypt
company
About
Telecom Egypt is one of the oldest and largest telecommunications companies in Egypt and the Middle East.
- 1001 - 5000
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- €150M
- Industries
- Cloud Data Services,Internet,Telecommunications
- Founded date
- Jan 1, 1854
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
Telecom Egypt has witnessed great developments; it started in 1854 with the first telegraph line in Egypt and today it is the largest communication network in Egypt and the Middle East.Telecom Egypt truly sits at the heart of the Egyptian telecommunications market and is the largest provider of fixed line services in the Middle East and Africa with 7.2 million subscribers, as at the end of March 2013.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
€150M $200M
Telecom Egypt has raised a total of
€150M $200M
in funding over 2 rounds. Their latest funding was raised on
Mar 27, 2022 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 27, 2022 | Debt Financing | €150M | 1 |
European Investment Bank
|
— | Detail |
| May 30, 2018 | Debt Financing | $200M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
1
2
Telecom Egypt is funded by 2 investors.
European Investment Bank
and China Export & Credit Insurance Corporation
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
European Investment Bank
|
Yes | Debt Financing |
China Export & Credit Insurance Corporation
|
— | Debt Financing |
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