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12 April 11:20 PM

Telecom Egypt (ETEL)

Last update: 9 April 02:29 PM market time.
93.55
2.90
3.19%
Open 91.00
Previous Close 91.00
High 93.90
Low 90.67
Stock Statistics
Volume 1,028,797
Turnover 95,198,728.00
All data are 15 minutes late during market session

News

Revenues surged to EGP 6.08 billion
14 May 2019 11:56 AM Telecom Egypt’s profit soars 108% in Q1
Cairo – Mubasher: Telecom Egypt posted a 108.4% year-on-year hike in its consolidated profits during the first quarter of 2019. The Egyptian telecom operator’s profits logged EGP 1.61 billion in Q1-19, compared to EGP 775.5 million in the year-ago …
Financial Results
The final agreement will likely be completed in two months
30 April 2019 00:40 PM Telecom Egypt inks $20m deal with PEACE
Cairo – Mubasher: Telecom Egypt signed a letter of intent (LoI) with Pakistan & East Africa Connecting Europe (PEACE) Cable International Network Co. and its affiliate Hengtong Optic-Electric. The LoI includes providing PEACE with an additional …
Companies Investments
The dividend proposal has been reviewed by the ordinary general assembly
27 March 2019 01:25 PM Telecom Egypt OKs EGP0.25/shr dividends for FY18
Cairo – Mubasher: Telecom Egypt’s board of directors has approved a cash dividend distribution of EGP 0.25 per share to shareholders for fiscal year ended 31 December 2018. The dividend proposal has been reviewed by the ordinary general assembly, …
Cash Dividends
TE has signed another agreement with the US-based Cisco Systems
26 February 2019 11:29 AM Telecom Egypt inks 3 deals with int’l firms to boost cloud, internet services
Cairo – Mubasher: Telecom Egypt (TE) has signed a memorandum of understanding (MoU) with China-based Huawei to coordinate in cloud computing. Upon the MoU, the Chinese firm will introduce cloud computing in TE’s data centres for the first time in …
Companies Investments
Consolidated revenue amounted to EGP 22.8 billion in 2018
21 February 2019 00:00 PM Telecom Egypt logs EGP 3.5bn profit in FY18; dividend proposed
Cairo – Mubasher: Telecom Egypt on Thursday reported a 14% year-on-year increase in its consolidated profits for 2018, recording EGP 3.5 billion on the back of revenue growth.  Consolidated revenue amounted to EGP 22.8 billion last year, rising …
Financial Results
9 December 2018 10:24 AM Africa’s largest telecom group to inject $400m in Telecom Egypt
The partnership was announced on Saturday on the sidelines of the Africa 2018 Forum
Global Economy
Photo Archive
28 November 2018 07:36 PM TE inks deal with Visa
Telecom Egypt announced signing a new agreement with Visa to provide digital payment solutions. The partnership is part of a strategy to support financial inclusion and digital payments for all customers
Revenue surged to EGP 17.35 billion at the end of September
15 November 2018 00:05 PM Telecom Egypt logs EGP 3.51m profit in 9M
Cairo – Mubasher: Telecom Egypt on Thursday said its consolidated profits rose slightly during the first nine months of 2018 as compared with the same period last year. The telecom company recorded a net profit of EGP 3.51 billion in the …
Financial Results
Egypt’s largest internet provider will use the loan to support its capital and operational expenditure
18 October 2018 00:29 PM Telecom Egypt inks $500m medium-term loan with 2 UAE banks
Cairo – Mubasher: Telecom Egypt on Thursday announced it has signed a $500 million medium-term syndicated loan. Egypt’s largest internet provider will use the loan to support its capital and operational expenditure and to refinance its existing …
Companies Investments
Photo Archive
4 October 2018 00:06 AM TE reveals motives behind EISCC acquisition
Cairo - Mubasher: Egypt Telecom said that acquiring a stake in the Egyptian International Submarine Cables Company (EISCC) aims at a complete acquisition in the Middle East and North Africa Submarine Cable Company (MENA-SCS), according to the …
Companies Investments
This step comes within the framework of TE’s strategy to achieve digital transformation
3 October 2018 00:03 PM Telecom Egypt, TMG Holding ink digital transformation deal
Cairo – Mubasher: Telecom Egypt (TE) has signed an agreement with Talaat Moustafa Group Holding (TMG Holding) to launch new services for smart cities and digital communities. Upon the deal, both firms will provide current and future smart cities …
Companies Investments
The stock price recorded EGP 11.15 by 11:52 am Egypt time
23 September 2018 00:58 PM Telecom Egypt’s stock rises 3.5% in Sunday’s mid-trade
Cairo – Mubasher: Telecom Egypt’s stock grew 3.53% during Sunday’s mid-trade on the back of the company’s decision to acquire a 50% stake in its subsidiary Egyptian International Submarine Cable Company “EISCC”. By 11:52 am Egypt time, the stock …
Trading Activities
The telecom firm has purchased the new stake for $15 million
23 September 2018 10:50 AM Telecom Egypt’s board OKs acquiring 50% of EISCC
Cairo – Mubasher: Telecom Egypt on Sunday announced that its board has approved the acquisition of 50% of its subsidiary Egyptian International Submarine Cable Company “EISCC”. Egypt's largest internet provider has purchased the new stake for $15 …
Companies Investments
The stock shed 0.64% to EGP 12.5, with a turnover of EGP 62,180
17 September 2018 00:20 PM Telecom Egypt’s stock falls early Monday, shrugs off MENA Cable acquisition
By: Heba El-Kordy Cairo – Mubasher: Telecom Egypt’s stock dropped early Monday as most of the blue-chip stocks on the Egyptian Exchange (EGX), despite concluding the acquisition of Middle East and North Africa Submarine Cable (MENA Cable). Earlier …
Trading Activities
Telecom Egypt acquires MENA Cable for $90m
17 September 2018 00:10 PM Telecom Egypt acquires MENA Cable for $90m
Cairo – Mubasher: Telecom Egypt (TE) on Monday announced it has concluded the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) from Orascom Investment Holding (OIH) through its subsidiary Egyptian International Submarine …
Mergers and Acquisitions
The telecom sector index on the EGX has fallen by 39.76% since the beginning of the year.
13 September 2018 04:22 PM Will Egypt’s telecom sector lose glamour on market challenges?
By: Heba El-Kordy Cairo - Mubasher: The challenges facing the telecommunications sector in Egypt have recently increased, along with losing some of its key powers in the Egyptian Exchange (EGX), raising the question of whether investing in the …
Companies Investments
Profits totalled EGP 1.23 billion in second quarter
14 August 2018 11:23 AM Telecom Egypt Q2 profits up 4%
Cairo – Mubasher: Telecom Egypt posted a 4% year-on-year growth in consolidated profits for the second quarter of 2018, recording EGP 1.28 billion, compared with EGP 1.23 billion for the same period last year. In the first half of 2018, the …
Financial Results
Two UAE lenders arrange $500m loan for Telecom Egypt
14 August 2018 10:47 AM Two UAE lenders arrange $500m loan for Telecom Egypt
Mubasher: Cairo-based Telecom Egypt is raising a $500 million syndicated loan to boost operating and capital expenses, the UAE-based banks leading the transaction said. The five-year facility arrangers, First Abu Dhabi Bank and Mashreq Bank, have …
Companies Investments
Airtel will also obtain large capacities on a long-term basis on two new state-of-the-art cable systems
6 August 2018 00:18 PM Telecom Egypt, India’s Bharti Airtel team up for global submarine cable systems
Cairo – Mubasher: Telecom Egypt (TE) on Monday said it has entered a strategic partnership with India’s market leader Bharti Airtel for global submarine cable systems. The deal will allow the Indian telecom firm the indefeasible right of use (IRU) …
Companies Investments
TE to get $200m financing from UAE banks
22 July 2018 01:09 PM TE to get $200m loan from UAE banks
Cairo – Mubasher: Telecom Egypt (TE) is expected to sign the second tranche, worth $200 million, of a $500 million loan with Mashreq Bank and First Abu Dhabi Bank (FAB) within the coming few days, director of Treasury and Risk Development Sahar …
Banking and Finance
“The three agreements will support Orange in its leadership of providing telecom services of high quality”
10 July 2018 11:53 AM TE, Orange ink 3 telecom service agreements
Cairo – Mubasher: Telecom Egypt (TE) and Orange Egypt announced signing three telecom agreements in an effort to continue providing the customers with the best offers and international services. The two telecommunications firms inked an initial …
Companies Investments
Etisalat Misr, TE ink roaming, interconnection deals
5 July 2018 11:26 AM Etisalat Misr, TE ink roaming, interconnection deals
Cairo – Mubasher: Etisalat Misr and Telecom Egypt (TE) on Thursday announced signing an amendment to their agreement for national roaming services. The deal was originally signed in July 2017. The two companies cited better terms as reasons behind …
Companies Investments
The tenor of the facility is 48 months with a grace period of 24 months
30 May 2018 11:43 AM TE, Huawei ink $200m facility with Chinese institutions
Cairo – Mubasher: Telecom Egypt (TE) and Huawei Technologies Co have signed a $200 million long-term facility provided from a number of Chinese financial institutions. These institutions are Bank of China and China Export & Credit Insurance …
Companies Investments
TE will finance the acquisition of MENA Cable with around $90 million
27 May 2018 02:16 PM TE to finance MENA Cable acquisition with $90m from Afreximbank
Cairo – Mubasher: Telecom Egypt (TE) will finance the takeover of MENA Cable with around $90 million from the $200 million short-term facility it signed with the African Export-Import Bank (Afreximbank) last week. The Egyptian telecom firm is …
Corporate Actions
TE has signed a $200 million short-term facility with Afreximbank
22 May 2018 11:55 AM TE, Afreximbank ink $200m financing deal
Cairo – Mubasher: Telecom Egypt (TE) has signed a $200 million short-term facility with the African Export-Import Bank (Afreximbank) for capital financing and investments in infrastructure. Abu Dhabi Islamic Bank Egypt (ADIB) was the financial …
Banking and Finance