March 28 (Reuters) - TELECOM EGYPT CO:
* ANNOUNCES A POTENTIAL SUBMARINE CABLE INVESTMENT OPPORTUNITY
* BOARD OF DIRECTORS DETERMINED TO REDUCE EARLIER PROPOSED DIVIDEND FOR FY 2017 TO EGP 0.25 FROM EGP 1 PER SHARE
* EXPECTS TO MAXIMIZE CO’S RETURNS FROM CABLE BUSINESS AND ENSURE CONTINUATION OF CURRENT REVENUE STREAM
* AMENDMENT OF DIVIDEND FOR FY-17 IS INTENDED TO AVAIL SHORT-TERM FINANCING TO INVESTMENT OPPORTUNITY CRUCIAL FOR CONTINUATION OF REVENUE STREAM OF CABLE BUSINESS Source text for Eikon: Further company coverage:
Our Standards: The Thomson Reuters Trust Principles.