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Telecom Egypt Co SAE (ETEL.CA)

ETEL.CA on Cairo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Orange Egypt, Telecom Egypt Sign Network Infrastructure Agreement
Tuesday, 20 Feb 2018 02:50am EST 

Feb 20 (Reuters) - ORANGE EGYPT FOR TELECOMMUNICATION ::ORANGE DATA SIGNS 3-YEAR NETWORK INFRASTRUCTURE AGREEMENT WITH TELECOM EGYPT ‍​.UNDER TERMS, ORANGE DATA WILL USE TELECOM EGYPT'S FIXED INTERNET SERVICES NETWORK.  Full Article

Telecom Egypt Board approves 2018 budget‍​
Thursday, 28 Dec 2017 01:26am EST 

Dec 28 (Reuters) - TELECOM EGYPT CO ::EXPECTS 2018 TOTAL REVENUE GROWTH IN RANGE OF HIGH SINGLE DIGIT TO LOW DOUBLE DIGIT, CAPEX TO SALES RATIO OF 30 PERCENT.EXPECTS 2018 EBITDA MARGIN IN MID TO HIGH TWENTIES‍​.  Full Article

Telecom Egypt and Orange Egypt Settle Legal Disputes
Wednesday, 22 Nov 2017 07:30am EST 

Nov 22 (Reuters) - TELECOM EGYPT CO ::CO AND ORANGE EGYPT REACH FINAL SETTLEMENT AGREEMENT OF ONGOING DISPUTES BETWEEN BOTH COMPANIES.AS PER DEAL, CO AND ORANGE EGYPT WILL SETTLE ALL PENDING DISPUTES RELATED TO INTERCONNECTION, INFRASTRUCTURE, INTERNATIONAL GATEWAY SERVICES.SETTLEMENT AGREEMENT WILL LEAD TO NET POSITIVE CASH FLOW TO TELECOM EGYPT OF EGP 74 MILLION.  Full Article

Orange Egypt to sign settlement agreement with Telecom Egypt
Wednesday, 22 Nov 2017 02:32am EST 

Nov 22 (Reuters) - ORANGE EGYPT FOR TELECOMMUNICATIONS ::BOARD APPROVES TO SIGN SETTLEMENT AGREEMENT WITH TELECOM EGYPT ON DISPUTE OVER LOCAL AND INTERNATIOANL CONNECTIVITY, INFRASTRUCTURE SERVICES.AS PART OF SETTLEMENT WITH TELECOM EGYPT COMPANY TO PAY EGP 72 MILLION.  Full Article

Telecom Egypt Q3 consol profit rises
Tuesday, 14 Nov 2017 02:05am EST 

Nov 14 (Reuters) - TELECOM EGYPT CO ::Q3 CONSOL NET PROFIT AFTER TAX EGP 1 BILLION VERSUS EGP 866 MILLION YEAR AGO.Q3 CONSOL REVENUE EGP 4.43 BILLION VERSUS EGP 3.30 BILLION YEAR AGO.NINE-MONTH CAPEX EXCLUDING LICENSE FEES AMOUNTED TO EGP 3.3 BILLION COMPARED TO 1.6 BILLION LAST YEAR‍​.  Full Article

Telecom Egypt renews international wholesale service agreement with Vodafone
Thursday, 2 Nov 2017 09:09am EDT 

Nov 2 (Reuters) - TELECOM EGYPT CO SAE :ANNOUNCES SIGNING RENEWAL OF LONG-TERM AGREEMENT WITH VODAFONE EGYPT TO PROVIDE INTERNATIONAL CALL CONVEYANCE SERVICES.THE AGREEMENT WILL TAKE EFFECT FROM SEPTEMBER, 2017, AND EXTENDS TO YEAR-END 2022.AGREEMENT IS EXPECTED TO REPRESENT TOTAL VALUE FOR TELECOM EGYPT OF APPROXIMATELY EGP 12 BILLION THROUGHOUT AGREEMENT TERM.  Full Article

Telecom Egypt launches mobile operation
Wednesday, 20 Sep 2017 04:12am EDT 

Sept 20 (Reuters) - TELECOM EGYPT CO ::LAUNCHES MOBILE OPERATION UNDER NEW BRAND "WE" AS FIRST FULLY-INTEGRATED OPERATOR IN EGYPT.  Full Article

Telecom Egypt Q2 consol profit rises
Tuesday, 15 Aug 2017 03:00am EDT 

Aug 15 (Reuters) - TELECOM EGYPT CO :Q2 CONSOL NET PROFIT AFTER TAX EGP 1.27 BILLION UP 22 PERCENT YEAR ON YEAR.Q2 CONSOL REVENUE EGP 4.64 BILLION VERSUS EGP 3.29 BILLION YEAR AGO.Q2 CAPEX WAS EGP 1.28 BILLION.AS AT JUNE 30 2017, NET DEBT WAS EGP 4.75 BILLION.ACCORDING TO CONSERVATIVE FIVE YEAR BUSINESS PLAN, EXPECTS TO GROW CORPORATE SERVICE REVENUES BY A CAGR OF 11 PERCENT.ACCORDING TO FIVE YEAR BUSINESS PLAN, CORPORATE EBITDA MARGIN PROJECTED TO BE IN MID TO HIGH-20S PERCENT, YEARLY CAPEX TO REVENUE RATIO AVERAGING 15%.TOTAL INCOME FROM INVESTMENTS GREW BY 65.5 PERCENT YOY, TO EGP 1.20 BILLION IN H1, DRIVEN BY SHARE OF PROFIT OF EQUITY ACCOUNTED INVESTEES, MAINLY REPRESENTING CO'S STAKE IN VODAFONE EGYPT .  Full Article

Telecom Egypt board approves conditions for up to EGP 13 bln syndicated loan
Thursday, 22 Jun 2017 02:50am EDT 

June 22 (Reuters) - Telecom Egypt Co Sae :Board approves general conditions for a syndicated loan of up to EGP 13 billion and to conclude agreement with lenders.  Full Article

Telecom Egypt signs two commercial agreements with Etisalat Masr
Thursday, 15 Jun 2017 02:11am EDT 

June 15 (Reuters) - Telecom Egypt Co :Signs two commercial agreements with Etisalat Masr (Egypt).Signs two agreements for national roaming and international voice services with Etisalat Masr to provide company’s mobile business with 2G, 3G and 4G mobile services.Signs agreement to also provide international voice services through International gates of company.Both agreements extend for five years, and follow recent MOU between company and Etisalat relating to these services.  Full Article

BRIEF-Orange Egypt, Telecom Egypt Sign Network Infrastructure Agreement

* ORANGE DATA SIGNS 3-YEAR NETWORK INFRASTRUCTURE AGREEMENT WITH TELECOM EGYPT ‍​