4. Telecom Egypt
Sector: Telecommunications
Managing Director & CEO: Tamer El Mahdi
Market Value: $2.9 billion
Telecom Egypt had around 25.25 million fixed broadband and voice subscribers, and 15.5 million mobile subscribers. In 2025, net profit more than doubled to $473 million. In September 2025, it gave initial approval for Helios Investments to acquire a 75% to 80% stake in a subsidiary that owns its Regional Data Hub at a valuation of $230 million to $260 million. In November 2025, the company – as part of a global consortium – completed the 2Africa subsea cable infrastructure.