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Telecom Egypt Co SAE (ETEL.CA)

ETEL.CA on The Egyptian Exchange

11.90EGP
26 Oct 2020
Change (% chg)

£-0.29 (-2.38%)
Prev Close
£12.19
Open
£12.14
Day's High
£12.28
Day's Low
£11.70
Volume
1,425,483
Avg. Vol
1,454,913
52-wk High
£14.92
52-wk Low
£7.40

Latest Key Developments (Source: Significant Developments)

Telecom Egypt, Etisalat Misr Sign Transmission And Mobile-To-Fixed Interconnection Agreements
Monday, 1 Jun 2020 

June 1 (Reuters) - Telecom Egypt Co SAE ::TELECOM EGYPT AND ETISALAT MISR SIGN TRANSMISSION AND MOBILE-TO-FIXED INTERCONNECTION AGREEMENTS.AGREEMENT WILL ENABLE ETISALAT MISR TO CONTINUE DELIVERING PREMIUM OFFERS AND MOBILE TELECOMMUNICATIONS SERVICES TO CUSTOMERS IN EGYPT.AGREEMENT EXTENDS FOR THREE AND A HALF YEARS WITH A TOTAL VALUE OF EGP 2 BILLION.  Full Article

Telecom Egypt Says No Intention To Sell Stake In Vodafone Egypt
Sunday, 26 Jan 2020 

Jan 26 (Reuters) - TELECOM EGYPT ::SAYS CURRENTLY NO INTENTION TO SELL STAKE IN VODAFONE EGYPT.  Full Article

Microsoft Collaborates With Telecom Egypt To Extend Its Global Cloud Network To Egypt
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Microsoft Corp::MICROSOFT COLLABORATES WITH TELECOM EGYPT TO EXTEND ITS GLOBAL CLOUD NETWORK TO EGYPT.  Full Article

Telecom Egypt Signs Agreement With Vodafone Egypt On Transmission, Infrastructure, Dividend
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - TELECOM EGYPT ::SIGNS TEN YEAR TRANSMISSION AND INFRASTRUCTURE AGREEMENTS WITH VODAFONE EGYPT FOR A TOTAL VALUE OF EGP 10.85 BILLION.SAYS TRANSMISSION AGREEMENT COVERS VODAFONE EGYPT’S CURRENT AND FUTURE REQUIREMENTS FOR DOMESTIC TRANSMISSION SERVICES FOR BOTH FIXED AND MOBILE.SAYS INFRASTRUCTURE AGREEMENT REPRESENTS A NEW COOPERATION BETWEEN TWO COMPANIES, WHERE TELECOM EGYPT WILL AVAIL FIBER BACKHAULING CAPACITY TO VODAFONE EGYPT’S NETWORK.VODAFONE EGYPT HAS PROPOSED A DIVIDEND OF EGP 12.2 BILLION OF WHICH TELECOM EGYPT’S SHARE IS EQUIVALENT OF EGP 5.5 BILLION.DIVIDENDS WILL BE PAID ON TWO TRANCHES, THE FIRST OF WHICH AMOUNTS TO EGP 4.8 BILLION AND WILL BE PAID IN MARCH 2019 WITH THE REMAINDER IN JUNE 2020.  Full Article

Telecom Egypt Board Approves Budget For Fiscal Year 2019
Monday, 17 Dec 2018 

Dec 17 (Reuters) - TELECOM EGYPT CO ::BOARD APPROVES BUDGET FOR THE FISCAL YEAR 2019.SAYS MID TO HIGH SINGLE DIGIT REVENUE GROWTH (EXCL. MENA MID DOUBLE DIGIT).SAYS EBITDA MARGIN IN THE MID TO HIGH TWENTIES.SAYS IN-SERVICE CAPEX TO SALES RATIO OF 30%.SAYS WE EXPECT TO END 2018 BEATING OUR REVENUE GUIDANCE DUE TO MENA ACQUISITION AND BHARTI DEAL.WHILE THIS GENERATED NON-RECURRING REVENUE, WE EXPECT TO CONTINUE TO GROW FROM THIS HIGH BASE IN 2019.  Full Article

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