Telecom Egypt News - Mubasher Info
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16 May 03:21 AM

Telecom Egypt (ETEL)

Last update: 14 May 01:29 PM market time.
96.59
0.00
0.00%
Open 96.60
Previous Close 96.60
High 98.00
Low 95.20
Stock Statistics
Volume 860,436
Turnover 82,668,656.00
All data are 15 minutes late during market session

News

The state-run telecom operator’s revenues grew to EGP 14.945 billion
13 August 2020 11:17 AM Telecom Egypt's profit falls in H1-20
Cairo – Mubasher: The consolidated financial statements of Telecom Egypt showed EGP 2.061 billion during the first half (H1) of 2020, down by 3% year-on-year (YoY) from EGP 2.127 billion, including minority shareholders’ rights. The state-run …
Financial Results
All government premises will be connected via optical fibres over 36 months
24 June 2020 01:08 PM Telecom Egypt inks protocol to build tech infrastructure for public sector businesses
Cairo – Mubasher: The Egyptian Ministry of Public Business Sector signed a protocol of cooperation with Egypt Telecom to implement the telecommunications infrastructure of the digital transformation project. Under the protocol, Egypt Telecom will …
Macroeconomics
The company generated EGP 7 billion in revenue
11 June 2020 11:42 AM Telecom Egypt reports 19% profit drop in Q1-20
Cairo – Mubasher: The consolidated financial statements of Telecom Egypt reported net profits of EGP 1.313 billion in the first quarter of 2020, down by 19% year-on-year (YoY) from EGP 1.616 billion. The company generated EGP 7 billion in revenue …
Financial Results
The first mobile-to-fixed termination agreement was signed between the two companies
1 June 2020 00:01 PM Telecom Egypt, Etisalat Misr ink 2 deals
Cairo – Mubasher: Telecom Egypt and Etisalat Misr signed two agreements regarding transmission and mobile-to-fixed interconnection. The first deal includes developing Telecom Egypt’s transmission and infrastructure services’ commercial model with …
Companies Investments
Alcatel Submarine Networks has been appointed to build the cable
14 May 2020 04:17 PM Telecom Egypt enters partnership to build giant subsea cable in Africa
Cairo – Mubasher: Telecom Egypt entered into a partnership with a group of global telecommunications companies to build 2Africa, set to be the most comprehensive subsea cable between Europe, the Middle East, and 16 countries in Africa. The …
Companies Investments
Shareholders approved a total of EGP 426.76 million in cash dividends
23 March 2020 03:54 PM Telecom Egypt approves EGP 427m dividends for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) of Telecom Egypt (WE) has approved to pay a cash coupon of EGP 0.25 per share for 2019. During the meeting, shareholders have approved a total EGP 426.76 million in cash dividends for 2019, …
Cash Dividends
The company also increased internet bundle download quotas by 20%
18 March 2020 03:57 PM Telecom Egypt extends January landline bill payment period
Cairo – Mubasher: Telecom Egypt announced extending the January landline bill payment period from 15 March to the next bill payment date. This move is part of the country’s efforts to halt the spread of the new coronavirus (COVID-19), according to …
Corporate Actions
Students will browse e-learning websites for free
17 March 2020 01:45 PM Telecom Egypt raises internet bundles by 20% to support e-learning
Cairo – Mubasher: Telecom Egypt has increased internet bundle download quotas by 20% for free for all its customers in line with the Ministry of Communications and Information Technology’s directive to support students learning online. The …
Company News
Telecom Egypt reported net profits of EGP 4.4 billion in 2019
20 February 2020 01:37 PM EFG Hermes-Citibank to advise TE on Vodafone stake sale option
Cairo – Mubasher: The board of directors of Telecom Egypt approved a proposal to appoint the consortium comprised of EFG Hermes and Citibank to advise on its investment options regarding its stake in Vodafone Egypt. “With this strong consortium on …
Mergers and Acquisitions
Net profits surged to EGP 4.4 billion last year
20 February 2020 11:24 AM Telecom Egypt’s profit grows 33% in 2019; dividends proposed
Cairo – Mubasher: The consolidated financial statements of Telecom Egypt reported a 33.44% year-on-year profit hike during 2019. Net profits surged to EGP 4.4 billion last year, compared to EGP 3.3 billion in 2018, the telecom operator said in a …
Cash Dividends
Saudi stc signed MoU to acquire a 55% stake in Vodafone Egypt
5 February 2020 11:59 AM Telecom Egypt to hire bank to study Vodafone stake sale option
Cairo – Mubasher: Telecom Egypt is currently considering all possible investment options regarding its stake in Vodafone Egypt. The state-run telecom operator is set to appoint an investment bank to study these options and their consequences, …
Mergers and Acquisitions
Telecom Egypt’s FV is still under consideration
1 February 2020 05:35 PM Vodafone deal may have no impact on Telecom Egypt’s operations
Cairo – Mubasher: Telecom Egypt’s (TE) operations will not be affected by the acquisition of Vodafone Egypt by the Saudi Telecom Company (STC), provided that TE decided to keep its stake in Vodafone, analyst at Beltone Financial Ahmed Abdul Majid …
Stock Evaluations
stc signed an agreement with Vodafone Group for its stake in Egypt
29 January 2020 05:23 PM Telecom Egypt mulls alternatives for investments in Vodafone Egypt
Cairo – Mubasher: Telecom Egypt, which owns the major stake in Vodafone Egypt, is studying available alternatives to manage its investments in Vodafone Egypt. The company is closely monitoring the procedures adopted by Vodafone to sell its stake …
Companies Investments
Telecom Egypt logged a net profit of EGP 3.2 billion in nine months
26 January 2020 00:36 PM Telecom Egypt denies Vodafone stake sale reports
Cairo – Mubasher: Telecom Egypt denied reports about receiving offers for the sale of its stake in Vodafone Egypt Telecommunications. The state-run telecom operator confirmed that it has no intention to sell its stake in Vodafone Egypt in the …
Corporate Actions
Several projects are expected to be launched in 2020
19 December 2019 11:42 AM Telecom Egypt aims to maintain growth in 2020
Cairo – Mubasher: Telecom Egypt aims to achieve low double-digit revenue growth during 2020. The Egyptian telecom operator also revealed plans to register an earnings before interest, tax, depreciation and amortization (EBITDA) margin in the mid …
Financial Results
The Egyptian telecom operator’s revenues rose to EGP 19 billion
14 November 2019 00:14 PM Telecom Egypt’s profit falls to EGP 3.2bn in 9M
Cairo – Mubasher: The consolidated financial statements of Telecom Egypt showed an 8% year-on-year profit drop during the January-September period of 2019. Net profits retreated to EGP 3.2 billion in the nine-month period ended 30 September from …
Financial Results
Telecom Egypt’s profits rose to EGP 2.133 billion in H1
22 September 2019 04:43 PM Telecom Egypt has no short-term plans to float additional stake on EGX
Cairo – Mubasher: Telecom Egypt announced that it has no short-term plans to float an additional stake on the Egyptian Exchange (EGX). The major shareholder in the Egyptian telecom operator said that listing an additional stake is still under …
Corporate Actions
Telecom Egypt’s profit rose to EGP 2.133 billion in H1
17 September 2019 11:52 AM Telecom Egypt spends $3bn on internet infrastructure since 2014
By: Ahmed Allam  Cairo – Mubasher: Telecom Egypt has spent about $3 billion to improve internet services from 2014 to date, the company’s CEO and managing director Adel Hamed said. Over the last two years, the state-run telecom operator spent $2 …
Macroeconomics
The first phase is expected to be finalised within six months
12 September 2019 11:24 AM Telecom Egypt starts working on EGP 40bn telecom network in new capital
Cairo – Mubasher: Telecom Egypt announced signing a deal with the Administrative Capital for Urban Development (ACUD) to establish and operate telecommunications networks in the New Administrative Capital. The state-owned telecom operator will …
Ministries
Telecom Egypt logged a profit of EGP 2.133 billion in H1-19
18 August 2019 04:27 PM Pharos Research sets Telecom Egypt’s FV at EGP 16.22/shr
Cairo – Mubasher: Pharos Research has set the fair value (FV) of Telecom Egypt’s stock at EGP 16.22 with an overweight recommendation. Telecom Egypt will be the only telecom operator listed on the Egyptian Exchange (EGX) after delisting the shares …
Ratings
The stock was given an overweight recommendation
10 August 2019 07:23 PM Renaissance Capital sets Telecom Egypt’s TP at EGP 17
Cairo – Mubasher: Renaissance Capital has set the target price (TP) of Telecom Egypt’s stock at EGP 17, with an overweight recommendation.   The research company referred to the sluggish growth of the number of new subscribers in mobile services …
Companies Investments
The Egyptian telecom operator’s revenues surged to EGP 12.7 billion
8 August 2019 11:16 AM Telecom Egypt logs EGP 2.1bn profit in H1
Cairo – Mubasher: Telecom Egypt reported a 3% year-on-year rise in its net profits, logging EGP 2.133 billion during the first half of 2019 from EGP 2.061 billion, the company’s consolidated financial results showed. The Egyptian telecom …
Financial Results
Etisalat plans to launch new products and services for the first time in Egypt
15 July 2019 10:57 AM Telecom Egypt, Etisalat Misr ink deals to offer virtual fixed voice services
Cairo – Mubasher: Telecom Egypt announced signing four agreements with Etisalat Misr to enable the latter to provide virtual fixed voice and bit-stream services to its customers through TE’s network.   Under the bit-stream agreements, fixed …
Companies Investments
Customers will deposit and withdraw cash from WE’s retail stores
6 July 2019 08:00 PM Telecom Egypt, Banque Misr sign pact for mobile wallet service
Cairo – Mubasher: Telecom Egypt and Banque Misr have signed a cooperation agreement in preparation for the launch of WE mobile wallet. The new service will enable customers to safely and securely send, receive and store money using a smartphone …
Banking and Finance
Telecom Egypt logged a profit of EGP 1.61 billion in Q1
22 May 2019 03:32 PM Telecom Egypt considers launching new real estate firm
Cairo – Mubasher: Telecom Egypt is mulling over launching a real estate firm after the assessment of the telecom operator’s land portfolio. No decision has been taken yet as the Egyptian telecom company is still considering such proposal, …
Companies Investments