CAIRO, April 10 Telecom Egypt
announced a 2013 dividend of one Egyptian pound ($0.14) per
share on Thursday, down from 1.30 pounds a year earlier despite
higher sales and profits.
The fixed line monopoly operator posted a net profit of 2.96
billion pounds ($425 million), up from 2.62 billion a year
Revenues rose to 11.13 billion pounds from 10.03 billion.
The company has been asked to pay 2.5 billion pounds for a
mobile licence it seeks, telecommunications minister Atef Helmy
said this month. It has also been given a one-year deadline to
sell its near 45 percent stake in Vodafone Egypt.
Vodafone Egypt is one of Egypt's three mobile providers
along with Mobinil and Etisalat Egypt serving a market
were people increasingly use mobile phones and the Internet
instead of making fixed-line phone calls.
Telecome Egypt plans to begin its dividend payments on April
($1 = 6.9751 Egyptian Pounds)
(Reporting by Shadia Nasralla; editing by Jason Neely)