Edition:
India

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. 

Company Quote

12.9
0.02 +0.16%
23 Nov 2020