Latest in Tag: Telecom Egypt Highlight
Latest in Tag: Telecom Egypt
CAIRO: Telecom Egypt expects to maintain profitability in the full year in the face of economic turmoil, as the start-up of a cable project in the final quarter boosts wholesale revenues, company executives said on Monday. The company earlier reported a 21 percent decline in third-quarter net profit to LE 622.7 million ($104.2 million) as …
Telecom Egypt (TE) raised LE 5. 132 billion ($892 million) from its initial public offering, valuing the company at $4. 6 billion on the London and Cairo exchanges where it will begin trade next week, it said on Thursday.