The company generated net profits of £E1.5bn ($280m), up from £E1.3bn in the same period of 2007.

Telecom Egypt’s revenues for the first half of the year were £E4.8bn, compared with E£4.9bn at the same point in 2007.

The company did increase its number of fixed-line customers by 3 per cent to 11.3 million by the end of June. Its broadband internet business, TE Data, added 80,000 customers to finish the half with 300,000 customers.