Telecom Egypt posts 14 pct rise in Q2 profit

Telecom Egypt, the country's fixed-line monopoly, posted 1.02 billion Egyptian pounds in net profit in the second quarter. (Photo courtesy: Telecom Egypt)

Telecom Egypt, the country's fixed-line monopoly, posted 1.02 billion Egyptian pounds in net profit in the second quarter, up 14 percent from 895.6 million pounds in the same period a year earlier.

It gave no reason for the increase.

Telecom Egypt is waiting for the government to approve a unified license for mobile and landline services that would allow the company to offer mobile services and significantly boost its earnings.
 

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Last Update: Wednesday, 20 May 2020 KSA 09:43 - GMT 06:43
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