The proposed consolidation comes after the company received two separate acquisition offers for its tower portfolio, which were ultimately deemed undervalued.
She succeeds Dr. Magdy Osman, who held the position for nine years, from 2016.
Additionally, revenues from international call traffic and international capacity sales surged by 61% and 90%, respectively, compared to the same period last year.
The seven-year loan will primarily be used to refinance existing short-term obligations in Egyptian pounds, helping the company align its liabilities more closely with its income.
The total value of 5G licenses awarded to mobile companies operating in Egypt—Vodafone Egypt, Orange, and e& Egypt —reached $675 million, explained Talaat, under the same conditions as the license signed with We earlier this year
