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10 January 2013
| Kavit Majithia
With Egypt’s political situation still unresolved, will state-owned Telecom Egypt’s ambitious plans to transform its fibre-optic corridor into an ultra-high capacity network take a back seat?
Mohamed El-Nawawy’s appointment as CEO and
managing director of Telecom Egypt in August 2012 was welcome
news for the company’s wholesale segment.
El-Nawawy previously served as VP of international wholesale,
and more recently as SVP and chief strategy officer, but
continued to head up Telecom Egypt’s submarine
cable division. The move is deemed internally as a clear sign
that the new regime in the country is taking wholesale telecoms
at the company very seriously.
It is rare to find the figurehead of a company the size of
Telecom Egypt with such a strong past in wholesale.
El-Nawawy’s appointment was part of a management
reshuffle following the end of Hosni Mubarak’s
30-year tenure as leader of the country.
With Telecom Egypt 80% state-owned, and a large part of the
revolution led through social media campaigns, the
company’s future fortune is certainly something
that requires a large level of attention for the...