Thursday 24 July 2014
 
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Telecom Egypt

Telecom Egypt Q1 profit plunges 36pc

Telecom Egypt, the country's fixed-line monopoly operator, reported a 36 per cent fall in first-quarter net profit on Tuesday, saying business was hit by the weak economy. The company, which is 80 per cent owned by the governm

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Telecom Egypt expects mobile licence in Mar or Apr

Egypt's landline monopoly Telecom Egypt expects a newly-formed government to grant it a licence to provide mobile services this month or next, the state-controlled company's chief executive said on Wednesday. Telecom Egypt

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Orascom unit secures T Egypt cable network

Telecom Egypt has sold rights for the use of part of its infrastructure to a subsidiary of Egypt's Orascom Telecom Media and Technology Holding (OTMT), bringing the subsidiary closer to launching a submarine cable network. Onc

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Telecom Egypt looks for mobile licence this year

Landline monopoly Telecom Egypt is confident the government will grant it a licence to provide mobile services by the end of the year, its chief executive said on Wednesday. "We see a reason to be confident that such a licenc

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Telecom Egypt Q1 result beats forecast

  Telecom Egypt (TE) reported first-quarter revenue of 2.72 billion Egyptian pounds ($390.1 million), up 1.4 percent from the same period last year and beating an average forecast of 2.59 billion ba

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Telecom Egypt profit falls on economic chaos

Telecom Egypt reported a 12.8 percent fall in full-year net profit, hit by economic turmoil in the north African country and a further decline in its fixed-line business as customers switch to mobile phones. The company, which is

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Telecom Egypt to get mobile licence by mid-2013

Egypt will grant Telecom Egypt a license by mid-2013 to provide mobile services and will later let mobile companies offer fixed-lined services using Telecom Egypt's infrastructure, the industry regulator said. Landline monopol

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Telecom Egypt net profit drops 25pc

  Landline monopoly Telecom Egypt reported a 25 percent drop in second-quarter net income on Wednesday, pushed lower by weaker revenue and employee demands for higher pay.   Net income was 613 milli

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Telecom Egypt undecided on interim dividend

Telecom Egypt reported a 1.7 per cent rise in quarterly net profit, and said while the local business environment was stabilising it was too early to say whether it would pay an interim dividend.       "For the ti

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Telecom Egypt Q1 net up, business improves

Landline monopoly Telecom Egypt  reported on Monday a 1.7 percent rise in net profit for the first quarter of 2012, saying the Egyptian business environment was improving after a turbulent year in 2011. The company reported consolidat

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