Orange Egypt’s revenues rise on home internet growth

Orange Egypt’s revenues rose almost 11% y-o-y to EUR 960 mn in 2021 on the back of growth in the company’s broadband subscribers, according to the company’s 4Q financials (pdf). The company had some 430k home internet users at the end of 4Q2021, up from 398k the previous year. The network operator had 27 mn mobile customers by the end of the quarter, down slightly from 4Q2020.