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Telecom Egypt acquires 4G mobile licenseTelecom Egypt, the state-owned landline monopoly, said it acquired the country's first 4G mobile license on Wednesday at a cost of 7.08 billion Egyptian pounds ($807 million). Egypt is selling four 4G licenses as part of a lon More… |
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Telecom Egypt more than doubles Q1 profitTelecom Egypt, the country's state-owned landline monopoly, achieved an almost 116 percent jump in first-quarter net profit, it said on Monday. The company posted a profit of E£1.2 billion ($135 million) in the first thr More… |
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Vodafone in deal to release $381m in deferred dividendsTelecom Egypt, the state-owned landline monopoly, said it had struck a deal with Vodafone Egypt under which the mobile operator would release at least E£3.34 billion ($381 million) in withheld dividends. Telecom Egypt owns 4 More… |
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Trading of Telecom Egypt shares suspendedEgypt's stock exchange suspended trading of shares of Telecom Egypt, the state-owned landline monopoly, on Wednesday after the government replaced all of its representatives on the company's board of directors, two sources told Reuters. More… |
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Telecom Egypt projects 7-9pc revenue growth in 2016Telecom Egypt, the country's state-owned landline monopoly, expects revenue growth between 7 per cent and 9 per cent in 2016, it said on Tuesday. The company projected a profit margin before interest, tax and depreciation of b More… |
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Telecom Egypt chairman steps downMohamed Salem, chairman of Egypt's state-owned landline telecom monopoly Telecom Egypt , said he resigned on Saturday, shortly after a new government was sworn in by President Abdel Fattah Al Sisi. Salem, a former telecommunic More… |
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Telecom Egypt posts Q2 profit of $48.3mTelecom Egypt reported a 2015 second-quarter profit after tax of 378 million Egyptian pounds ($48.28 million), up 55 per cent on the year, the company said in a statement on Monday. "Retail revenues remain strong, buoyed by t More… |
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Telecom Egypt to replace chairman, CEOEgypt's prime minister has appointed new government representatives to the board of state-owned landline monopoly Telecom Egypt, his office said in a statement on Wednesday. The new board of the company will meet on Wednesday More… |
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Telecom Egypt to spend $393m on infrastructureTelecom Egypt (TE) will spend E£3 billion ($393 million) on its infrastructure development this year, the telecom company's chief executive officer was quoted as saying. The company received a revenue of E£1.2 bill More… |
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Telecom Egypt Q2 profit up 14pc to $142mFixed-line monopoly Telecom Egypt posted $142.66 million in net profit in the second quarter and said on Wednesday it hoped to obtain a unified landline and mobile license soon allowing it to boost earnings further. The net profit More… |
