TE plans price hike

20 Mar 2006

Incumbent fixed line operator Telecom Egypt (TE) plans to raise the price of some of its services by up to 25% to help eliminate losses from its local voice telephony services. TE Chairman Akil Bashir told a news conference that the tariff changes will partially offset losses, which he estimated at between EGP800 million (USD140 million) to EGP1 billion (USD175 million) a year. The telco will raise the monthly tariff and reduce the number of bundled minutes of its fixed line call plans from 1 April, Bashir said.

Egypt, Telecom Egypt