The company, which is jointly controlled by France Telecom and Egypt’s Orascom Telecom, generated revenues of £E2.4bn between April and June this year, up 17 per cent on the £E2.1bn figure for the same period of 2007.

Mobinil had 17.5 million customers at the end of June, up 47 per cent on the same period a year ago.

Although the Egyptian market is continuing to grow quickly, Mobinil’s April to June quarter is the third consecutive quarter that has had a lower rate of growth.