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Telecom Egypt Co SAE (ETEL.CA)

ETEL.CA on Cairo Stock Exchange

13.40EGP
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Telecom Egypt Board approves 2018 budget‍​
Thursday, 28 Dec 2017 

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 

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 

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 

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 

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 says no decision yet on Vodafone Egypt stake sale
Tuesday, 13 Dec 2016 

Telecom Egypt Co Sae : Says not yet decided to sell 45 percent stake in Vodafone Egypt as co is still considering all available options Source: (http://bit.ly/2hyCKud) Further company coverage: [ETEL.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Egypt 4G and fixed-line licence fees worth $495 mln -telecom regulator
Thursday, 13 Oct 2016 

Orange Egypt For Telecommunications Sae : Egypt 4G and fixed-line licence fees worth $495 million -telecom regulator .Egypt 4G licence fee alone worth $484 mln - telecom regulator.  Full Article

Orange Egypt signs licence deal to offer 4G services
Thursday, 13 Oct 2016 

Orange Egypt For Telecommunications Sae :Orange Egypt signs licence deal to offer 4G services in Egypt.  Full Article

Orange Egypt will sign 4G licence deal later on Thursday -official at Egypt's telecom regulator
Thursday, 13 Oct 2016 

Orange Egypt For Telecommunications Sae :Orange Egypt will sign 4G licence deal later on Thursday -official at Egypt's telecom regulator tells Reuters.  Full Article

MIDEAST - Factors to watch - January 3

DUBAI, Jan 3 Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.