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Telecom Egypt Co SAE (ETEL.CA)

ETEL.CA on The Egyptian Exchange

11.20EGP
16 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Telecom Egypt, Juniper Networks Partner To Provide Networking Solutions To Enterprises
Wednesday, 19 Jun 2019 

June 19 (Reuters) - TELECOM EGYPT CO ::TELECOM EGYPT AND JUNIPER NETWORKS PARTNER TO ENABLE DIGITAL TRANSFORMATION FOR EGYPT’S ENTERPRISES.WILL ALSO HAVE OPTION TO BECOME AN AUTHORIZED RESALE PARTNER OF JUNIPER’S TECHNOLOGY SOLUTIONS IN EGYPT.  Full Article

Telecom Egypt Says Launching Of Real Estate Company Is Still Proposal Under Study
Wednesday, 22 May 2019 

May 22 (Reuters) - TELECOM EGYPT CO ::COMMENTS ON LAUNCHING A REAL ESTATE COMPANY, SAYS THE SUBJECT IS STILL A PROPOSAL UNDER STUDY, NO DECISION TAKEN YET.  Full Article

Telecom Egypt Q1 Profit Rises
Monday, 13 May 2019 

May 14 (Reuters) - TELECOM EGYPT CO ::Q1 NET PROFIT DOUBLED YOY,LANDING AT EGP 1.6 BILLION.Q1 NET PROFIT AFTER TAX 1.62 BILLION VERSUS EGP 774 MILLION YEAR AGO.Q1 REVENUE EGP 6.09 BILLION VERSUS EGP 4.78 BILLION YEAR AGO.  Full Article

Telecom Egypt Q4 Loss Narrows
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - TELECOM EGYPT ::Q4 CONSOLIDATED NET LOSS AFTER TAX EGP 22 MILLION VERSUS LOSS OF EGP 431 MILLION YEAR AGO.Q4 CONSOLIDATED REVENUE EGP 5.41 BILLION VERSUS EGP 5.44 BILLION YEAR AGO.FY CONSOLIDATED NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 3.48 MILLION VERSUS EGP 3.05 MILLION YEAR AGO.BOARD PROPOSES DIVIDEND OF EGP 0.25 PER SHARE FOR YEAR 2018.AS OF YEAR-END 3.9 MILLION MOBILE SUBSCRIBERS.  Full Article

Telecom Egypt Q3 Consol Profit Rises
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - TELECOM EGYPT CO ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 1.45 BILLION VERSUS EGP 963 MILLION YEAR AGO.Q3 CONSOL OPERATING REVENUES EGP 7.23 BILLION VERSUS EGP 4.39 BILLION YEAR AGO.  Full Article

Telecom Egypt Signs $500 Mln Medium-Term Syndicated Loan
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - TELECOM EGYPT CO ::SIGNS $500MN MEDIUM-TERM SYNDICATED LOAN.LOAN WILL BE USED TO SUPPORT ITS CAPITAL AND OPERATIONAL EXPENDITURE, AND REFINANCE AN EXISTING SHORT-TERM FACILITY.FIRST ABU DHABI BANK AND MASHREQ BANK WERE MANDATED AS JOINT BOOKRUNNERS AND MANDATED LEAD ARRANGERS OF FACILITY.  Full Article

Telecom Egypt Signs Agreement With Bharti Airtel For Global Submarine Cable Systems
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - TELECOM EGYPT ::SIGNS AGREEMENT WITH BHARTI AIRTEL FOR GLOBAL SUBMARINE CABLE SYSTEMS.AGREEMENT GRANTS AIRTEL IRUS ON MENA CABLE AND TE NORTH CABLE SYSTEMS .ADDITIONALLY, AIRTEL WILL TAKE LARGE CAPACITIES ON LONG-TERM BASIS ON TWO NEW CABLE SYSTEMS (SMW5 & AAE1).AGREEMENT IS EXPECTED TO LEAD TO IMMEDIATE RECOGNITION OF REVENUE AND CASH FLOW OF $90 MILLION.IN ADDITION TO ABOUT 4 PERCENT OF ANNUAL RECURRING REVENUE FOR TELECOM EGYPT OVER LIFETIME OF CABLE SYSTEMS (MIN. OF 15 YEARS).  Full Article

Telecom Egypt, Liquid Telecom Sign Mou For Fibre Network From Cape To Cairo
Saturday, 14 Jul 2018 

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
Wednesday, 30 May 2018 

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 

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

Rate cut to save Telecom Egypt 20% on financing costs -official

CAIRO, Aug 25 Telecom Egypt will save 20% on financing costs after the Central Bank of Egypt cut interest rates, a company official has said.