The appointment will be with immediate effective.
Helmy succeeds Tarek Tantawy in the role following Mr. Tantawy's appointment as TE's Chief Executive Officer and Managing Director in August 2009.
Mr. Helmy has more than seventeen years of audit experience, serving multinational and some of Egypt's largest companies. Mr. Helmy joins TE from KPMG Hazem Hassan, where he was latterly Senior Partner responsible for the firm's audit practice.
Mr. Helmy is a fellow of the Chartered Association of Certified Accountants in the UK and a member of the Egyptian Society of Accountants and Auditors. Mr. Helmy holds a Bachelor of Commerce from Cairo University.
Commenting on the appointment, Mr. Tarek Tantawy, CEO and Managing Director of Telecom Egypt, said:
"KPMG's reputation in the Egyptian marketplace is undeniable. Mr. Helmy has played a central part in establishing these credentials, having led its audit practice of more than 900 professionals since 2005.
"As an experienced finance professional, I am confident that Mr. Helmy will make a substantial contribution to our business, further advancing our financial analysis systems, enhancing our controls to mitigate risks and ensuring the company's quality of reporting and disclosure continues to set the standard in our market."
Hassan Helmy added: "The opportunity to join TE, as it continues to adapt decisively to the dynamic Egyptian telecommunications landscape, is extremely exciting. I believe that the company will continue to turn its heritage and deep expertise to its advantage in optimizing new opportunities for commercial growth, while protecting and enhancing the value it delivers to its investors. I look forward to being a part of the team who delivers this vision."
Browse
related articles
Telecom Egypt names Hassan Helmy as its new CFO
- Egypt: Tuesday, September 22 - 2009 at 12:33
Telecom Egypt (TE) announced that Mr. Hassan Helmy has been appointed as TE's new Vice President for Financial Affairs and Chief Financial Officer.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information
Notes and media contacts
About Telecom EgyptTelecom Egypt (TE), Egypt's incumbent telecommunications operator, started its operations in 1854 with the first telegraph line in Egypt. Then it was corporatized in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organization (ARENTO). The Company is the largest provider of fixed-line services in the Middle East and Africa with 9.8 million subscribers as at 30 June 2009.
TE provides retail telecommunication services including access, local, long distance and international voice, Internet and data, and other services. The company also provides wholesale services including bandwidth capacity leasing to ISPs, and national and international interconnection services. Telecom Egypt's services also include the provision of narrowband and broadband internet access through its subsidiary TE Data. TE Data has active operations in Egypt and Jordan.
TE currently participates in the mobile segment in Egypt by providing mobile interconnectivity through its current, increased 44.95% holding in Vodafone Egypt, one of the three existing Egyptian mobile operators. TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Egyptian Stock Exchange and the London Stock Exchange.
About TE Data
TE Data is Egypt's largest Internet and data transfer service provider. TE Data S.A.E. was established in late 2001 by Telecom Egypt, which owns 95.04% of TE Data shares, to act as its data communications and Internet subsidiary.
TE Data was awarded a Class A license, from Egypt's National Telecommunications Regulatory Authority (NTRA), which allows TE Data to build its own national network, and operate its international data gateway.
TE Data stands ready to design, test, deploy, and manage IP- based network solutions. TE Data takes pride in serving both the home-based customers and various business sectors with the same vigor and dedication.
TE Data's market share has reached 60% and own 70% of the Internet capacity in Egypt, which is the largest international Internet capacity in Egypt and the Middle East.
Furthermore, established TE Data Jordan licensed by the Telecommunication Regulatory Commission in Jordan on July 2004, which, for the last four years, has succeeded in providing various and outstanding services to its customers in Jordan.
About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Supriya Mathur
Consultant
Capital MSL
81 Whitfield Street
London W1T 4HG
t. +44 (0) 20 7307 5347
f. +44 (0) 20 7307 5331
w: http://www.capitalmsl.com
For further information:
Ahmed Fathallah Mohamed Kamal
Director of Investment & IR Internal Reporting & Investor Relations Manager
Tel: +202 3131 6699 Tel: +202 3131 5219
Fax: +202 3131 6115 Fax: +202 3131 6116
Lara Lynn Golden, News EditorTuesday, September 22 - 2009 at 12:33 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds