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Telecom Egypt Co SAE

ETEL.CA

Latest Trade

16.61EGP

Change

-0.10(-0.60%)

Volume

48,023

Today's Range

16.59

 - 

16.95

52 Week Range

10.12

 - 

17.55

As of on the Egyptian Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Telecom Egypt Q3 Profit Rises

Nov 11 (Reuters) - TELECOM EGYPT <ETEL.CA>::Q3 NET PROFIT EGP 2.23 BILLION VERSUS VERSUS EGP 1.47 BILLION YEAR AGO.Q3 TOTAL REVENUE REACHED EGP 9 BILLION, INCREASING 22% YOY. THE GROWTH WAS SUPPORTED BY THE SPIKEIN BOTH RETAIL AND WHOLESALE REVENUES, WHICH CLIMBED 23% AND 19%, RESPECTIVELY.FIXED VOICE AND BROADBAND CUSTOMERS BOTH INCREASED BY 16% YOY AND MOBILE CUSTOMERS BY 9% YOY DURING NINE-MONTH PERIOD.

Telecom Egypt Forecasts Higher Margins And Improved Cash Flows In 2022

Oct 28 (Reuters) - TELECOM EGYPT <ETEL.CA>::BOARD APPROVES BUDGET GUIDANCE FOR 2022.SEES EARLY DOUBLE DIGIT REVENUE GROWTH .SEES EBITDA MARGIN IN THE MID TO HIGH THIRTIES .SEES IN-SERVICE CAPEX-TO-SALES RATIO IN THE MID-TWENTIES .SEES FCFF TO EBITDA OF EARLY DOUBLE-DIGIT .STRONG DATA MOMENTUM WITNESSED DURING THE PANDEMIC HAS PERSISTED THROUGHOUT 2021 AND IS EXPECTED TO CONTINUE TO DRIVE THE COMPANY'S TOP LINE GROWTH DURING 2022.GOING FORWARD, OUR CAPEX CYCLE IS EXPECTED TO SLOW DOWN AS WE HAVE NEARLY COMPLETED OUR COPPER-TO-FIBER REPLACEMENT PROGRAM.PLAN TO DIVERSIFY OUR INVESTMENTS TO INCLUDE OUR MOBILE NETWORK, DATA CENTERS, AND INTERNAL SYSTEM UPGRADES TO GROW OUR SERVICE PORTFOLIO AND ENHANCE CUSTOMER EXPERIENCE.PLAN TO FOLLOW THROUGH WITH OUR FINANCING STRATEGY TO DELEVERAGE OVER TIME WHILE ENHANCING OUR FINANCING COST.EXPECT OUR FREE CASH FLOW TO GROW DURING UPCOMING YEAR ON THE BACK OF STRONG OPERATIONAL CASH FLOW, CAPEX RATIONALIZATION EFFORTS, AND CERTAINTY ON DIVIDENDS FROM VODAFONE.Further company coverage: ETEL.CA. ((Reuters.Briefs@thomsonreuters.com;)).

Telecom Egypt And Vodafone Group Sign A Modified Shareholders' Agreement

June 7 (Reuters) - TELECOM EGYPT CO <ETEL.CA>::TELECOM EGYPT AND VODAFONE GROUP SIGN A MODIFIED SHAREHOLDERS' AGREEMENT.AGREEMENT INCLUDES CHANGES TO VODAFONE EGYPT'S DIVIDEND POLICY,.WHEREBY VFE WILL PAY A ONE-TIME DIVIDEND OF EGP10 BILLION TO ITS SHAREHOLDERS DURING 2021 CALENDAR YEAR, EGP 2BN OF WHICH WAS PAID IN MARCH.MODIFIED SIGNED AGREEMENT ALSO GIVES VODAFONE GROUP RIGHT TO TRANSFER ITS SHAREHOLDING IN VFE WITHIN BROADER VODAFONE GROUP.PARTIES HAVE ALSO AGREED ON A MINIMUM DIVIDEND PAYOUT RATIO OF 60% OF FREE CASH FLOW GOING FORWARD.TE MAINTAINS ITS EXISTING RIGHTS IN AGREEMENT AND HAS OBTAINED CERTAIN ENHANCED MINORITY RIGHTS INCLUDING ACCESS TO INFORMATION.Further company coverage: ETEL.CA. ((Reuters.Briefs@thomsonreuters.com;)).

Telecom Egypt Q1 Profit Rises

May 11 (Reuters) - Telecom Egypt <ETEL.CA>::Q1 NET PROFIT AFTER TAX 2.1 BILLION EGP ($134.44 MILLION), UP 62% YEAR-ON-YEAR, DUE TO STRONG OPERATIONAL RESULTS. .Q1 NET PROFIT EGP 1.8 BILLION EXCLUDING NON-OPERATIONAL ITEMS SUCH AS PROVISIONS, IMPAIRMENTS, FX GAINS, DEFERRED TAX, AND INORGANIC GROWTH IN INVESTMENT, UP 77% YEAR-ON-YEAR. .Q1 EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA) EGP 3.2 BILLION, UP 42% YEAR-ON-YEAR..Q1 CONSOLIDATED REVENUE EGP 8.4 BILLION, UP 20% YEAR-ON-YEAR ON HIGHER DATA REVENUE. .Q1 CUSTOMER BASE GREW ACROSS THE BOARD WITH FIXED VOICE CUSTOMERS INCREASING 7% YEAR-ON-YEAR, FIXED DATA 22% YEAR-ON-YEAR, AND MOBILE CUSTOMERS 38% YEAR-ON-YEAR. .Q1 OPERATING CASH FLOW UP 80% YEAR-ON-YEAR AND 33% QUARTER-ON-QUARTER, TO EGP 3.4 BILLION. .Q1 NET DEBT EGP 19.8 BILLION. .Further company coverage: ETEL.CA.($1 = 15.6200 Egyptian pounds). (Reporting by Ehab Farouk; Writing by Mahmoud Mourad).

Telecom Egypt S.A.E Raises Proposed Dividend For FY 2020

March 22 (Reuters) - Telecom Egypt Co SAE <ETEL.CA>::TELECOM EGYPT S.A.E - TE RAISES PROPOSED DIVIDEND FOR FY 2020.TELECOM EGYPT CO SAE - TELECOM EGYPT RAISES ITS PROPOSED DIVIDEND FOR FY 2020 IN LIGHT OF VODAFONE EGYPT'S DIVIDEND DISTRIBUTION.TELECOM EGYPT CO SAE - PROPOSED RAISING DIVIDEND FOR FY 2020 TO EGP 0.75 PER SHARE, A 50% INCREASE ON PREVIOUSLY PROPOSED DIVIDEND.

Telecom Egypt Plans Launching HARP, A New Subsea System Circling African Continent

March 3 (Reuters) - TELECOM EGYPT <ETEL.CA>::PLANS LAUNCHING HARP, A NEW SUBSEA SYSTEM CIRCLING AFRICAN CONTINENT.PLANS TO LAUNCH HYBRID AFRICAN RING PATH (HARP) BY 2023.IT WILL CONNECT COASTAL AND LANDLOCKED AFRICAN COUNTRIES TO EUROPE THROUGH THE COMPANY’S WIDESPREAD TERRESTRIAL AND SUBSEA INFRASTRUCTURE.HARP’S PLANNED ROUTES WILL CROSS THE SINAI PENINSULA IN EGYPT, WITH MULTIPLE RING PROTECTION TOPOLOGIES,.

Telecom Egypt Q4 Profit Rises

Feb 24 (Reuters) - TELECOM EGYPT <ETEL.CA::Q4 NET PROFIT AFTER TAX EGP 1.32 BILLION VERSUS EGP 980 MILLION YEAR AGO.Q4 REVNEUE EGP 9.57 BILLION VERSUS EGP 6.79 BILLION YEAR AGO.Customer base grew on all fronts with fixed voice and broadband growing 14% and 20% YoY, respectively.BOD PROPOSED A DIVIDEND OF EGP 0.5 PER SHARE FOR 2020, 2X 2019.FY IN-SERVICE CAPEX REACHED EGP 11.9 BILLION, REPRESENTING 37% OF TOTAL REVENUE, WHILE CASH CAPEX REACHED EGP 11BN (35% OF SALES).

Telecom Egypt And Ministry Of Social Solidarity Sign Agreement To Support Takaful & Karama

Jan 13 (Reuters) - TELECOM EGYPT CO <ETEL.CA>::TELECOM EGYPT AND MINISTRY OF SOCIAL SOLIDARITY SIGN AN AGREEMENT TO SUPPORT TAKAFUL & KARAMA.THIS COOPERATION COMES IN LINE WITH MINISTRY’S ENDEAVOR TO AUTOMATE ALL SERVICES IT PROVIDES TO ENROLLED FAMILIES AND INDIVIDUALS ACROSS ALL EGYPTIAN GOVERNORATES.TELECOM EGYPT WILL PROVIDE 3.5MN MOBILE SIMS TO THE BENEFICIARIES OF THE TAKAFUL AND KARAMA PROGRAM.TELECOM EGYPT WILL PROVIDE A BUNDLE OF MINUTES, TEXT MESSAGES, AND MEGABYTES PER MONTH AT A NOMINAL COST.WILL ALSO SUPPORT THE MINISTRY BY PROVIDING OVER 2,600 LANDLINES FOR ITS SOCIAL UNITS.

Telecom Egypt Announces Its 2021 Guidance

Dec 31 (Reuters) - TELECOM EGYPT <ETEL.CA>::TELECOM EGYPT ANNOUNCES ITS 2021 GUIDANCE.MID-TO-HIGH SINGLE DIGIT REVENUE GROWTH.EBITDA MARGIN IN THE EARLY THIRTIES .IN-SERVICE CAPEX-TO-SALES RATIO IN THE LATE TWENTIES, EXCLUDING SPECTRUM.WILL ALSO DIVERSIFY OUR REVENUE STREAMS BY FURTHER EXPANDING INTO APPLICATION LAYER THROUGH FORTIFYING OUR NETWORK INFRASTRUCTURE, AND BUILDING INTERNATIONALLY CERTIFIED DATA CENTER FACILITIES.WILL ALSO CONTINUE TO SUPPORT LOCAL MNOS AND ISPS WITH ENHANCED INFRASTRUCTURE SERVICES, IN ADDITION TO EXPANDING OUR INTERNATIONAL PRESENCE.

Telecom Egypt And Orange Egypt Sign A Number Of Commercial Agreements

Dec 20 (Reuters) - TELECOM EGYPT CO SAE <ETEL.CA>::TELECOM EGYPT AND ORANGE EGYPT SIGN A NUMBER OF COMMERCIAL AGREEMENTS.TELECOM EGYPT AND ORANGE EGYPT SIGNED AN AMENDMENT TO THEIR MOBILE-TO-FIXED TERMINATION AGREEMENT.ANNEX TO CURRENT AGREEMENTS EXTENDING TO 2022 GOVERNING INTERNATIONAL VOICE SERVICES, WITH AIM OF IMPROVING COMMERCIAL AND SERVICE QUALITY TERMS.ADDITIONALLY, COMPANIES SIGNED ANOTHER AGREEMENT TO RESOLVE SOME PENDING COMMERCIAL DISPUTES AND DEVELOP MECHANISMS TO AVOID SIMILAR OBSTACLES IN FUTURE.THESE STEPS COME WITHIN FRAMEWORK OF EXISTING STRATEGIC COOPERATION BETWEEN TWO COMPANIES AIMED AT PROVIDING PREMIUM SERVICES TO EGYPTIAN TELECOM MARKET.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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