Telecom Egypt sees revenue flat to 2 pct lower in 2010
CAIRO, March 15 |
CAIRO, March 15 (Reuters) - Telecom Egypt (ETEL.CA)(ETELq.L) expects revenue to be flat to 2 percent lower in 2010, with EBITDA margin in the "mid 40s", it said in a guidance statement on Monday.
The landline monopoly expected capital expenditure to be between 1.5 billion and 2 billion Egyptian pounds ($274-$365 million), and total broadband subscribers to reach as much as 1.5 million, representing a 63 percent market share. (Writing by Alastair Sharp) ($1=5.473 Egyptian Pound)
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