Telecom Egypt’s Senior VP to retire
Telecom Egypt announced today that Senior Vice President and Chief Technology Officer, Mohamed Sayad Al Dessouky, will retire on Thursday, in line with the telecom giant’s corporate policies which mandate that executives retire at a certain age.
His replacement is yet to be announced, according to a statement released by the company. Tarek Abou Alam last week took over as the company’s new chief executive and managing director.
The move comes on the back of TE workers repeatedly demanding a change in leadership, following a series of strikes last year over their frustration with the company’s board. They accused the company of rampant corruption which they believe led to financial losses and also demanded higher salaries for workers.
Despite the strike, services of the predominantly landline operator were largely unaffected.
Telecom Egypt is also looking to enter the mobile phone market and hopes to bid on the 4th mobile license in the country, which is to be launched later this year.