REG - Telecom Egypt S.A.E - TE Announces Board & Exec. Leadership Changes

Telecom Egypt Co SAEAnnouncement

30/09/2025 07:10

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RNS Number : 3828B  Telecom Egypt S.A.E  30 September 2025

Telecom Egypt Announces Board and Executive Leadership Changes

30 September 2025: Telecom Egypt today announced the appointment of Tamer El
Mahdi as Managing Director and Chief Executive Officer (CEO), succeeding
Mohamed Nasr, who has stepped down from his executive role and his membership
on the Board of Directors. The Board approved the changes during today's
meeting, effective immediately. Additionally, the requests of Mohamed Al
Fowey, VP & Chief Technical Officer, and Ahmed Hassan, VP & Chief
Human Resources Officer, to step down from their positions have been accepted.
As part of his new role, El Mahdi will oversee the process of appointing
successors to these positions, ensuring operational continuity and supporting
the company's strategic direction.

Lobna Helal, Chairperson of the Board of Directors of Telecom Egypt,
commented:

"The Board of Directors is pleased to announce the appointment of Tamer El
Mahdi as Managing Director and CEO of the company. He brings over three
decades of professional experience in telecommunications, information
technology, digital transformation, and non-banking financial services, in
addition to his leadership roles across multinational and investment companies
operating in various local and international markets.

El Mahdi's strong track record and wide-ranging expertise qualify him to lead
Telecom Egypt into a new phase of growth and expansion, maximize the value of
its assets and investments, and drive the company's ambitious strategy to
strengthen its customer base and enhance service quality at both local and
international levels, meeting the aspirations of our shareholders and
customers alike. We wish him every success in his new role.

I would also like to extend my deepest gratitude and appreciation to Mohamed
Nasr, the former CEO, for his dedicated efforts and leadership during a
challenging period. We wish him continued success in his future endeavors."

Tamer El Mahdi, Managing Director and Chief Executive Officer of Telecom
Egypt, commented:

"I would like to express my deepest thanks and appreciation to the Board for
their invaluable trust in appointing me to this role. This trust represents
both a great responsibility and a strong motivation to work with dedication
and diligence to continue the success and leadership journey that Telecom
Egypt has built throughout the years. I firmly believe that the company's
strength lies in its exceptional people and valued customers. Together with
all my colleagues, I am committed to strengthening Telecom Egypt's position
locally and regionally, while advancing our services to meet the evolving
needs and aspirations of our customers. I will spare no effort in maximizing
the company's value and shareholder wealth by implementing ambitious
strategies that support sustainable growth, reinforce our leadership in the
telecom and digital services markets, and strengthen our role in serving the
economy and society."

Tamer El Mahdi Biography

Tamer El Mahdi was appointed to the Board of Directors as a representative of
the Egyptian government in March 2025. With over 30 years of experience, El
Mahdi has served as Founder and Chairman of Trade Globe and Terrawaves
Networks since 2020, overseeing global operations in telecom consultancy,
network design, and digital infrastructure development. His career spans
executive leadership in multinational corporations and investment firms across
various sectors, including telecommunications, digital transformation,
fintech, real estate, mining, and non-banking financial services.

From 2014 to 2019, he served as Group CEO of Orascom Telecom Media and
Technology (OTMT), leading its strategic transformation and diversification
across multiple industries and regions, including Europe, South Asia, and the
Middle East. Prior to that, he was CEO of Orascom Telecom Algeria (Djezzy),
Algeria's largest mobile operator, from 2008 to 2013.

During his tenure at Orascom Telecom Holding, he held key leadership roles,
including Group CTIO (2003-2008), where he managed multi-billion-dollar
investments and launched mobile operations in Canada, Bangladesh, Iraq, and
North Korea.

Early in his career, El Mahdi held leadership positions at AT&T, managing
large-scale telecom infrastructure projects across North Africa.

A seasoned board member, he has served on the boards of Orascom Telecom,
Beltone Financial Holding, Contact Financial Holding, and other prominent
firms in Egypt and internationally.

El Mahdi holds an MBA in International Business Administration from the
Maastricht School of Management, a Master's in Project Management from George
Washington University, a Master's in Electrical & Electronic Engineering
from California State University, and a Bachelor's degree in the same field
from Cairo University.

- End -

About Telecom Egypt

 

Telecom Egypt is a total telecom services provider in Egypt that provides a
wide array of services to a diverse customer base. Serving individuals,
communities, SOHOs, SMEs and large enterprises, Telecom Egypt offers a
comprehensive, innovative, and diversified portfolio of services, ranging from
fixed and mobile voice to essential data solutions crucial in today's digital
landscape. These services also include high-speed internet, smart solutions,
data center facilities, and cloud computing solutions tailored for businesses.

With a rich heritage of about 170 years, Telecom Egypt continues to lead the
Egyptian telecom market by providing cutting-edge technology, robust
infrastructure, and an extensive network of subsea cables to meet the needs of
its enterprise and consumer clientele. The company's pivotal role in Egypt's
telecommunications landscape is underscored by its expansive network coverage,
broad service range, and dedication to fostering innovation. Aside from its
mobile operation "WE", Telecom Egypt holds a significant 45% ownership stake
in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN)
are traded on the Egyptian Exchange and the London Stock Exchange.

 

For more information, contact:

The investor relations team

Email: investor.relations@te.eg (mailto:investor.relations@te.eg)

 

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