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Telecom Egypt (ETEL)

Last update: 01:29 PM market time.
37.78
-0.52
-1.36%
Open 38.30
Previous Close 38.30
High 38.45
Low 37.61
Stock Statistics
Volume 1,337,422
Turnover 50,937,968.00
All data are 15 minutes late during market session

News

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26 March 01:48 PM Telecom Egypt’s OGM endorses EGP 2.5bn dividends
Cairo – Mubasher: Telecom Egypt’s ordinary general meeting (OGM) has approved the distribution of EGP 2.56 billion in cash dividends for 2023. The ratified amount is equivalent to EGP 1.50 per share, according to a bourse filing. Telecom Egypt …
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25 March 03:57 PM Telecom Egypt signs MoU with India’s Tejas to bolster manufacturing in Egypt
Cairo – Mubasher: Telecom Egypt has signed a memorandum of understanding (MoU) with the Information Technology Industry Development Agency (ITIDA), the National Telecommunication Institute (NTI), and India’s Tejas Networks to boost local …
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4 March 12:33 PM Telecom Egypt’s consolidated profits leap to EGP 11.4bn in 2023
Cairo – Mubasher: Telecom Egypt logged consolidated net profits valued at EGP 11.47 billion in 2023, an annual leap from EGP 9.18 billion, including non-controlling interest. Basic and diluted earnings per share (EPS) hit EGP 5.70 last year, …
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27 February 01:06 PM Telecom Egypt, Huawei launch 1st 50G PON trial in Africa
Cairo – Mubasher: Telecom Egypt and Huawei completed the first 50G PON trial in Africa as a part of the long-term cooperation between the two entities, according to a press release. 50G PON is the latest fiber technology that provides up to …
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15 November 2023 09:58 AM Telecom Egypt sees higher profits in 9M-23; revenues hike to EGP 41.95bn
Cairo – Mubasher: Telecom Egypt posted higher consolidated net profits at EGP 9.15 billion in the first nine months (9M) of 2023, compared to EGP 6.17 billion in 9M-22, including minority interest. Basic and diluted earnings per share (EPS) …
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19 October 2023 03:45 PM Telecom operators in Egypt announce free int’l calls to Gaza
Cairo – Mubasher: The four telecom companies operating in Egypt allowed free international calls and messages to Gaza for seven days starting from 19 October 2023 at 12 pm, subject to terms and conditions, according to separate statements. The …
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16 August 2023 10:33 AM Telecom Egypt announces EGP 6.69bn consolidated profits in H1-23
Cairo – Mubasher: The consolidated net profits attributable to the shareholders of Telecom Egypt reached EGP 6.69 billion in the first half (H1) of 2023, an annual hike from EGP 3.78 billion. The operating revenues enlarged by 38% year-on-year …
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30 May 2023 00:05 PM Telecom Egypt’s net profits leap in Q1-23 results
Cairo – Mubasher: Telecom Egypt achieved consolidated net profits after tax worth EGP 3.81 billion in the first quarter (Q1) of 2023, up year-on-year (YoY) from EGP 1.36 billion, including minority interest. The revenues stood at EGP 13.95 billion …
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14 May 2023 00:22 PM Telecom Egypt sells equity for EGP 3.74bn
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Telecom Egypt witnessed a stake sale transaction for a total value of EGP 3.74 billion on 14 May. The deal included the selling of 162.17 million shares, EGX said, noting that the …
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27 March 2023 01:48 PM Telecom Egypt's board increases cash dividends for 2022
Cairo – Mubasher: The board members of Telecom Egypt decided to raise the 2022 cash dividends to EGP 1.25 per share from EGP 0.75 per share. The board’s recommendation is still subject to the approval of the next ordinary general meeting (OGM), …
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7 March 2023 09:53 AM Telecom Egypt's consolidated profits hike to EGP 9.18bn in 2022
Cairo – Mubasher: The consolidated net profits after tax of Telecom Egypt reached EGP 9.18 billion in 2022, a leap from EGP 8.42 billion in 2021, including non-controlling equity. The EGX-listed company generated revenues worth EGP 44.27 billion …
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18 December 2022 11:22 AM Telecom Egypt, Grid Telecom to build subsea system connecting Egypt, Greece
Cairo – Mubasher: Telecom Egypt and Grid Telecom, a wholly-owned subsidiary of the Independent Power Transmission Operator (IPTO) in Greece, signed a collaboration agreement to build a subsea system connecting Egypt and Greece. This agreement …
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24 November 2022 09:26 AM 2Africa Lands in Egypt’s Ras Ghareb
Cairo – Mubasher: Meta and Telecom Egypt announced the first landing of the 2Africa subsea cable in Egypt at Ras Ghareb in the Red Sea, as part of the 2Africa consortium. The Ras Ghareb landing is one of several taking place in the coming months …
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14 November 2022 10:52 AM Telecom Egypt sees 1% rise in 9M-22 profits
Cairo – Mubasher: Telecom Egypt gained EGP 6.17 billion in net profits during the first nine months (9M) of 2022, an increase of 1.14% when compared to EGP 6.10 billion in the same period in 2021, including minority shareholders’ rights. The …
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20 October 2022 11:43 AM Telecom Egypt replies to news on Qatar’s $2.5bn investment in Vodafone progresses
Cairo – Mubasher: Telecom Egypt has commended on news reports stating that Qatar’s investment of $2.50 billion in Telecom Egypt’s stake in Vodafone Egypt and other companies has reached an advanced stage. The EGX-listed telecom operator said it …
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20 October 2022 10:34 AM Telecom Egypt approves 2023 budget
Cairo – Mubasher: Telecom Egypt said its board of directors has approved the 2023 budget, targeting early double-digit revenue growth and earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin in the mid-to-high thirties.  …
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5 September 2022 00:20 PM Telecom Egypt comments on QIA-Vodafone deal reports
Cairo – Mubasher: Telecom Egypt commented on news reports stating that Qatar's sovereign wealth fund, Qatar Investment Authority (QIA), intends to negotiate to buy part of Telecom Egypt’s stake in Vodafone Egypt. Telecom Egypt said it did not …
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11 August 2022 11:46 AM Telecom Egypt generates lower profit in H1-22
Cairo – Mubasher: Net profits of Telecom Egypt came in at EGP 3.78 billion during the first half (H1) of 2022, compared to EGP 3.87 billion in the same period in 2021, including minority shareholders’ rights. Earnings per share (EPS) amounted to …
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15 June 2022 08:41 PM Telecom Egypt, Aqua Comms sign crossing deal for EMIC-1 subsea cable
Cairo – Mubasher: Telecom Egypt and Aqua Comms, a global subsea connectivity services provider owned by Digital 9 (D9), have sealed an agreement to provide landing and crossing services for the Europe Middle-East India Connect 1 (EMIC-1) subsea …
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31 May 2022 11:21 AM Telecom Egypt posts 36% lower profits in Q1-22
Cairo – Mubasher: Telecom Egypt reported a 36% year-on-year (YoY) decrease in the consolidated net profits to EGP 1.36 billion in the first quarter (Q1) of 2022, compared to EGP 2.12 billion, including minority shareholders' rights. The company …
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31 May 2022 10:04 AM Mobily, Telecom Egypt to build submarine cable connecting Saudi Arabia to Egypt
Mubasher: Saudi Arabia-based Etihad Etisalat Company (Mobily) has inked a memorandum of understanding (MoU) with Telecom Egypt to establish the first submarine cable system that directly connects the Kingdom to Egypt. Through the new system, both …
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31 March 2022 01:20 PM Telecom Egypt appoints Majid Osman as Chairman
Cairo – Mubasher: The board of Telecom Egypt has appointed Majid Ibrahim Osman as the company's Chairman. The company has also nominated Adel Hamed Ibrahim Gad Allah as Managing Director, according to a bourse filing on Thursday. It is noteworthy …
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4 March 2022 01:05 AM Telecom Egypt’s consolidated net profits jump 74% in 2021
Cairo – Mubasher: Telecom Egypt reported consolidated net profits after tax of EGP 8.42 billion in 2021, a surge of nearly 74% year-on-year (YoY) from EGP 4.85 billion, including minority shareholders' rights. Earnings per share went up to EGP …
The revenues grew to EGP 26.38 billion in the January-September period
11 November 2021 10:58 AM Telecom Egypt's 9M profit hikes 72.5%
Cairo – Mubasher: Telecom Egypt reported consolidated net profits of EGP 6.1 billion in the first nine months of 2021, a surge of 72.5% year-on-year (YoY) from EGP 3.53 billion, including minority shareholders' rights.  The revenues grew to …
Telecom Egypt has the right to buy Vodafone Group’s shares in Vodafone Egypt
10 November 2021 11:27 AM Vodacom submits initial offer to acquire stake in Vodafone Egypt
Cairo – Mubasher: Telecom Egypt announced that the South African group Vodacom has made an initial offer to acquire Vodafone Group's stake in Vodafone Egypt.  Vodafone Group will reveal the value and structure of the offer, Telecom Egypt said in a …