Cairo - Mubasher: Telecom Egypt’s board initially approved Helios Investments’ binding offer for a 75$–80% stake in a subsidiary that will own the Regional Data Hub (RDH).

Under the proposed deal, Telecom Egypt will retain a 20%–25% stake in the RDH subsidiary, which will focus on data center development in Egypt, according to a press release.

An independent financial advisor registered with the Financial Regulatory Authority (FRA) will determine the fair value of RDH.

The transaction includes certain pre-agreed KPIs that could raise the valuation from $230 million to $260 million.

The agreement remains subject to the restructuring of RDH assets, final definitive agreements, and regulatory approvals.

EFG Hermes is acting as the sole financial advisor, while ADSERO-Ragy Soliman & Partners and A&O Shearman are serving as legal advisors to Telecom Egypt.

In the first six months (6M) of 2025, Telecom Egypt posted year-on-year (YoY) higher consolidated net profits after tax valued at EGP 10.52 billion, against EGP 6.51 billion.