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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)

Telecom Egypt, Liquid Telecom Sign Mou For Fibre Network From Cape To Cairo
Friday, 13 Jul 2018 09:11pm EDT 

July 15 (Reuters) - TELECOM EGYPT CO ::TELECOM EGYPT AND LIQUID TELECOM SIGNS MOU FOR COMPLETION OF FIRST FIBRE NETWORK FROM CAPE TO CAIRO.UNDER MOU, LIQUID TELECOM WILL LINK ITS NETWORK FROM SUDAN INTO TELECOM EGYPT’S NETWORK VIA NEW CROSS BORDER INTERCONNECTION.  Full Article

Telecom Egypt Obtains $200 Mln Financing With Chinese Financial Institutions
Tuesday, 29 May 2018 11:57pm EDT 

May 30 (Reuters) - TELECOM EGYPT ::TELECOM EGYPT AND HUAWEI SIGN $200 MILLION LONG-TERM FINANCING WITH CHINESE FINANCIAL INSTITUTIONS INCLUDING BANK OF CHINA AND CHINA EXPORT & CREDIT INSURANCE CORPORATION (SINOSURE).HUAWEI FACILITATED PROVIDING COMPETITIVE FINANCING CONDITIONS TO TELECOM EGYPT TO FINANCE ROLL-OUT OF 4G NETWORK AND DEPLOYMENT OF TRANSMISSION AND CORE NETWORKS.TENOR OF FACILITY IS 48 MONTHS WITH A GRACE PERIOD OF 24 MONTHS.  Full Article

Telecom Egypt Signs $200 Mln Financing Deal With AFREXIMBANK
Tuesday, 22 May 2018 12:13am EDT 

May 22 (Reuters) - TELECOM EGYPT ::SIGNS $200 MILLION SHORT-TERM FACILITY FROM THE AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK) TO FINANCE WORKING CAPITAL AND INVESTMENTS IN INFRASTRUCTURE.SAYS ABU DHABI ISLAMIC BANK EGYPT SERVED AS THE FINANCIAL ADVISOR FOR THE SHORT-TERM FACILITY.  Full Article

Telecom Egypt Amends Proposed FY Dividend On Potential Investment
Wednesday, 28 Mar 2018 02:00am EDT 

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.  Full Article

Telecom Egypt Q4 Consol Loss Narrows
Monday, 5 Mar 2018 01:30am EST 

March 5 (Reuters) - TELECOM EGYPT CO ::Q4 CONSOL NET LOSS AFTER TAX EGP 396 MILLION VERSUS LOSS OF EGP 511 MILLION YEAR AGO.Q4 CONSOL REVENUE EGP 5.44 BILLION VERSUS EGP 4.43 BILLION YEARA GO.BOARD PROPOSES CASH DIVIDEND OF EGP 1 PER SHARE FOR 2017.IN-SERVICE CAPEX INCLUDING LICENSE FEES FOR FY 17 AMOUNTED TO EGP 10.7 BILLION VERSUS 10.0 BILLION LAST YEAR AND CASH CAPEX REACHED 7.5 BILLION VERSUS 8.6 BILLION IN FY 16.AS AT END-DEC, 2017 TOTAL FIXED BROADBAND CUSTOMERS GREW 20 PERCENT YOY TO REACH 4.1 MILLION.AS AT END-DEC, FIXED VOICE CUSTOMERS REACHED 7.1 MILLION, UP 11 PERCENT YOY.  Full Article

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

BRIEF-Telecom Egypt Q4 Consol Loss Narrows

* Q4 CONSOL NET LOSS AFTER TAX EGP 396 MILLION VERSUS LOSS OF EGP 511 MILLION YEAR AGO