Telecom Egypt, the country’s largest telecom operator, reported a 61.3% year-on-year jump in net profits for the first half of 2025, underscoring the growing strength of Egypt’s digital economy.
The company’s consolidated net profit rose to EGP 10.52 billion ($219 million), up from EGP 6.52 billion in the same period last year, according to financial results released Thursday. Earnings per share also climbed to EGP 6.16, compared with EGP 3.81 in H1 2024.
Revenues reached EGP 50.6 billion, a leap from EGP 38 billion a year earlier, reflecting strong demand for data services, infrastructure leasing, and international cable projects. On a standalone basis, profits after tax grew to EGP 5.73 billion, with revenues rising to EGP 35.7 billion.
The results come amid an ongoing push by Egypt to position itself as a regional digital hub. The country’s geographic advantage—sitting on one of the world’s busiest internet corridors linking Asia, Africa, and Europe—has made submarine cable operations and data infrastructure a major revenue driver.
“Telecom Egypt’s performance reflects both the country’s growing appetite for connectivity and its role in global internet traffic,” said Hussein El-Ghandour, a Cairo-based telecom analyst. “Continued investment in digital infrastructure will be key to sustaining this momentum.”
The telecom sector contributes nearly 4% to Egypt’s GDP, according to government figures, and plays a central role in attracting foreign investment. With rising smartphone penetration and government-led digital transformation initiatives, analysts expect operators like Telecom Egypt to remain at the forefront of the country’s economic modernization.
Industry insiders also suggest that profitability gains could support future 5G rollout and expanded data center investments, which are increasingly critical to Egypt’s ambition of becoming a continental tech hub.
