Fixed-line monopoly Telecom Egypt on Tuesday reported a 31.4 per cent slump in profits for 2014, citing several one-off and operational costs related to license fee payments and tax liabilities.
It said net profit for the year fel
The price offered to fixed line monopoly operator Telecom Egypt for a mobile licence is 2.5 billion Egyptian pounds ($360 million), the country's telecommunications minister Atef Helmy said at news conference on Wednesday.
Egypt Telecom, the country's main telephone company, has denied media reports that it is planning to sell its 45 per cent stake in Vodafone Egypt to Saudi Telecom Company (STC). The news, however, drove the Egyptian company's shares to a
Mobinil, which leads the Egyptian mobile market by subscriber numbers, is considering borrowing as much as 2 billion Egyptian pounds ($347 million) to finance expansion of its network and services, a newspaper said.
The size of the loan de
The Egyptian government will probably delay offering a second tranche of Telecom Egypt, the country's sole fixed-line operator, on the stock exchange beyond 2009, the communications minister said on Monday.
"There were plans that the gover
Telecom Egypt, a fixed-line telephone monopoly, reported a 12.3 percent rise in net profit for the first nine months of 2007 and said it was in talks with two firms to sell its joint venture in Algeria.
The company said on Thursday its net