A new telecoms report issued by the Egyptian Ministry of Telecommunications, Mohamed Abdel Kader Mohamed Salem indicates that Telecom Egypt, a state-owned landline operator has lost about 700 000 fixed-line subscribers.
According to the report, the company’s total number of subscribers had reached 8.94 million people, with a monthly decrease of about 7.41%.
In March 2010, Telecom Egypt had 9.6 million subscribers. The introduction of mobile companies has caused a decrease in the use of fixed line services.
To cut its losses, Telecom Egypt is considering canceling its pager services.
Mohamed Abdel Reham, Telecom Egypt CEO says since the company partially canceled its pager services between cities, the usage of fixed lines rose by 400%.
Telecom Egypt became a joint stock company in 1998, only two years after the first Global System for Mobile Communications (GSM) mobile phone service was introduced in the country.
Telecom Egypt plans to enter the mobile phone market and is expected to bid for Egypt’s 4th mobile license later this year.