Telecom Egypt (ETEL)

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News

13 May 05:42 PM Telecom Egypt records EGP 4.6bn consolidated profits in Q1-25

Cairo – Mubasher: Telecom Egypt generated consolidated net profits after tax amounting to EGP 4.65 billion in the first quarter (Q1) of 2025, compared to EGP 3.88 billion in Q1-24. Basic and diluted earnings per share (EPS) was kept unchanged at …

Financial Results

25 March 06:42 PM Telecom Egypt to pay EGP 2.5bn dividends for 2024

Cairo – Mubasher: The general assembly of Telecom Egypt greenlighted cash dividends valued at EGP 2.56 billion to shareholders for 2024. The company will pay out a dividend of EGP 1.50 per share, according to a bourse disclosure. Telecom Egypt …

General Assembly

27 February 08:10 PM Telecom Egypt records 14% drop in consolidated profits during 2024

Cairo – Mubasher: Telecom Egypt logged 14% year-on-year (YoY) lower consolidated net profits at EGP 10.10 billion in 2024, according to the financial results. Total revenues amounted to EGP 82.03 billion as of 31 December 2024,  an annual surge of …

Financial Results

17 November 2024 09:41 AM Telecom Egypt’s consolidated revenues exceed EGP 58.4bn in 9M-24

Cairo – Mubasher: Telecom Egypt achieved consolidated net profits valued at EGP 8.64 billion in the first nine months (9M) of 2024, compared to EGP 9. 15 billion in 9M-23. Operating revenues hit EGP 58.43 billion as of 30 September 2024, an annual …

Financial Results

15 August 2024 10:31 AM Telecom Egypt’s consolidated profits hit EGP 6.5bn in H1-24

Cairo – Mubasher: Telecom Egypt posted consolidated net profits amounting to EGP 6.51 billion in the first half (H1) of 2024, versus EGP 6.69 billion in H1-23. Net revenues reached EGP 37.95 billion in H1-24, up year-on-year (YoY) from EGP 28.13 …

Financial Results

2 July 2024 02:02 PM Telecom Egypt, Hungary’s 4iG Group ink MoU to create $600m fibre JV

Cairo – Mubasher: Telecom Egypt has entered into a memorandum of understanding (MoU) with the Hungarian IT leader 4iG Group to establish a joint venture (JV) aimed at constructing, operating, and commercialising fibre-to-the-home (FTTH) and …

Companies Investments

1 July 2024 03:21 PM ITIDA, Telecom Egypt, Nokia to expand ICT services in MEA

Cairo – Mubasher:  The Information Technology Industry Development Agency (ITIDA) signed a memorandum of understanding (MoU) with Telecom Egypt and Nokia, according to a press release. The agreement, which was inked during the Egypt-EU Investment …

Global Economy

30 May 2024 10:06 AM Telecom Egypt’s consolidated net profit rises 2% YoY in Q1-24

Cairo – Mubasher: Telecom Egypt posted a consolidated net profit after tax and non-controling interests of EGP 3.88 billion during the first quarter (Q1) of 2024, up 1.83% year-on-year (YoY) from EGP 3.81 billion. Consolidated operating revenues …

Financial Results

26 March 2024 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 …

General Assembly

25 March 2024 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 …

Companies Investments

4 March 2024 00:33 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, …

Financial Results

27 February 2024 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 …

Companies Investments

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) …

Financial Results

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results

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 …

Corporate Actions

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), …

Board of Directors

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 …

Financial Results

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 …

International Agreements

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 …

International Agreements

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 …

Financial Results

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 …

Companies Investments

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.  …

Board of Directors

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 …

Companies Investments