Telecom Egypt Co SAE (ETEL.CA)
26 Jan 2015
CAIRO - Egypt's fixed-line monopoly Telecom Egypt said on Wednesday it may not sell its 45 percent stake in mobile operator Vodafone Egypt once it receives a license to offer its own mobile services.
CAIRO - Fixed-line monopoly Telecom Egypt reported a 61.3 percent drop in third-quarter net profit on Wednesday, due to several one-off and operational costs related to license fee payments and tax liabilities.
(Adds details, revenue figures, CEO comments, unified licence)
CAIRO, Nov 12 - Telecom Egypt reported a 61.3 percent drop in third-quarter net profit on Wednesday to 251.9 million Egyptian pounds ($35.23 million) from 650.8 million pounds a year earlier.
* Following recent article by Bloomberg, TE has clarified as part of its ongoing investment policy, co regularly reviews entire investment portfolio
* Saudi's Advanced Petrochemical up on dividend, new project
DUBAI, Sept 4 - Shares in fixed-line monopoly Telecom Egypt rose in early trade on Thursday after the country's government approved on Wednesday a long-awaited plan to issue a unified landline and mobile telecommunications licence.
DUBAI, Sept 4 - Shares in fixed-line monopoly Telecom Egypt may rise on Thursday after the Cairo government approved late on Wednesday a long-awaited plan to issue a unified landline and mobile telecommunications licence.
CAIRO, Sept 3 - Egypt's government approved on Wednesday a long-awaited plan to issue a unified landline and mobile telecoms licence, opening the way for fixed-line monopoly Telecom Egypt to offer mobile phone services.
(Corrects net profit figure after company re-submitted early results)
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Analyst Research Reports
Telecom Egypt Co SAE: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Provider: Thomson Reuters StreetEvents
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