Cairo, January 12, 2012: Telecom Egypt (TE ) (Tick er:
ETEL.CA; TEEG.LN), today announced the appointment of Eng.
Tarek Aboual am as Chi ef Executi ve Officer (CE O) and
Managi ng Di rector with effect from 19 January 2012.
TE's current CEO, Eng. Mohammed Abdel Rehim Hassanei n, will
step down on 18 January when he reaches the age of
retirement, in line with TE's corporate policy . He assumed
the role in June 2011, having served TE for 36 years in a
variety of positions, initially joining as an engineer and
progressing to Seni or Vice President (SVP) and Chi ef
Technology Officer (CTO).
"Over the past 36 years, Eng. Moham med has made a signi
ficant and last ing impact on the success of TE, servi ng the
company dili gently throughout his career. Most notably, o
ver the past 6 months, Moham med has steered TE through a
very chall enging and dynamic m arket while ensuri ng clients
continued to recei ve the best possible service. On behal f
of the Board of Di rectors , I woul d like to thank Mohammed
for his loyal service and wish him all the best for his
retirem ent."
Eng. Tarek Aboual am joined TE in May 2009 as Vice President,
Int ernational & Wholesale and was subsequently promoted to
Senior Vice President in June 2011.
Tarek has more than 1 6 years' experienc e in the t elec omm
unications industry , including a signi ficant track record
of accomplishments in the Middl e Eastern and E uropean m
arkets, having served as a board m ember of several tel ecom
com pani es. He was also invol ved in the successful l aunch
of TE Data; pl aying a major role i n the conception and impl
ement ation of t he com pany's business pl an and strategic
decisions . During his time at TE, Tarek has grown the Int
ernational and Wholesale businesses which now typically
account for hal f of our total revenues.
"The persistent pace of change withi n the Egy pti an
telecommunications market, combined with the challenges
thrown up by the global economic crisis, demands the highest
standards of leaders hip. Through his hard work and
commitment to TE, Tarek has proven his ability to lead a
business and find new avenues for growth. Since joi ning TE
in 2009, the B oard has been impressed by his focus and
determi nation and I greatly look forward to working with
Tarek on this new and exciting chapter for TE. "
A replacement for the role of Vice President, International &
Wholesal e will be announced by TE in due course.
Mohamed Kamal | Ahmed Labib |
General Manager of Investor Relation s | General Manager of Investment |
Tel: +202 3131 5219 | Tel: +202 31315225 |
Fax: +202 3131 6115 | Fax: +202 31316115 |
Within this statement, we may mak e forward -look ing statements regarding future events or the future performance of the Company. By their very nat ure, forward -look ing statements invol ve inherent risk s and uncertai nties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-look ing statements will not be achieved. You shoul d be aware that a number of important factors could cause actual results to differ materiall y from the plans, objectives, expectations, e stimates and intentions expressed in such forward-look ing statements. When rel ying on forward-l ook ing statements, you should carefull y consider the political, economic, social and legal envi ronm ent in which Tel ecom Egypt operates. Such f orward-l ook ing statements speak onl y as of the time of this releas e today. Accordingly, Telecom Egypt does not undertak e any obligation to update or revise any of them, whether as a result of new i nform ation, future events or otherwise other than as requi red by applicable la ws, the Listing Rules or Prospectus Rules of the United Kingdom Listing Authority, the Egyptian Fi nancial Supervisory A uthority or The E gyptian E xchange. The documents filed from time to time with these authorities may identify im portant factors that could cause actual results to differ materiall y from those contai ned in any forward -look ing statements.
Abou t Telecom Egypt
Telecom E gypt (TE), Egypt's incum bent telecomm unications
operator, started its operations in 1854 with the first
telegraph line in E gypt. Then it was corporatized in 1998 to
replace the former Arab Republic of Egypt National Tel
ecommunication Organization (ARE NTO). The Company is the
largest provider of fixed -line services in the Middle East
and Africa with 8.6 million subscribers as at 30 Septem ber
2011.
TE provi des retail telecomm unication services includi ng
access, local, long distance and international voice,
Internet and data, and other s ervices. The company also
provi des whol esale servic es includi ng bandwi dth capacity
leasing to ISPs, and nati onal and i nternational
interconnection services. Telecom Egypt's services also
include the provision of narrowband and broadband internet
access through its subsidiary TE Data. TE Data has acti ve
operations in Egypt and Jordan.
TE currently participates in the m obil e segment in Egypt by
providi ng m obile i nterconnecti vity through its current,
increased 44.95% holding in Vodafone Egypt, one of the three
existing Egypti an mobile operators. TE's shares and GDRs
(Ticker: E TEL.CA; TEEG. LN) are tra ded on the Egyptian
Exchange and the London Stock Exchange.
distribué par | Ce noodl a été diffusé par Telecom Egypt Company et initialement mise en ligne sur le site http://www.telecomegypt.com.eg. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-12 09:35:49 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Telecom Egypt Appoints New Chief Executive Officer. |