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Sunday, 14 August 2016

TE Data raises market share to 76% in 2Q2016

Telecom Egypt’s ISP subsidiary TE Data has seen its market share reach 76% in 2Q2016, on 189k new subscribers during the quarter, Al Borsa reported on Saturday. The firm expects to hit 80% market share by the end of the year. Competitors Orange and Etisalat have seen their market share decrease to 14.9% and 3.5%, respectively, during the second quarter, while Vodafone’s market share increased to 5.5%. We previously noted that TE had reached a settlement with the Egyptian Competition Authority over allegations of anticompetitive practices in the ADSL market, vowing to pay a fine of a maximum of 1% of the revenue on utilization fees of its upgraded infrastructure. TE and TE Data have been accused of poaching clients from competitors under the guise of upgrading infrastructure, as well as of causing ADSL providers to lose EGP 100 mn and 300k clients as result of its monopoly over broadband infrastructure.

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