With more than 150 years of operational history, 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 7.3 million subscribers, as at the end of December 2012.
As Egypt's incumbent telecommunications operator, Telecom Egypt currently controls Egypt’s only fixed line network, servicing both retail voice and wholesale demand for reliable telecommunications connections. As at 31 December, 2012, we had Net Profit after Tax of EGP 2.611 billion, a decrease of 12.8 % in comparison to December 2011.
With the advent of market liberalization, Telecom Egypt has focused on building a strong platform for wholesale services to other telecommunications operators choosing to use its extensive network. Our ability to adapt to a dynamic and changing market is demonstrated by our stable margins which remain among the industry's highest.