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4-Traders Homepage  >  Equities  >  CAIRO AND ALEXANDRIA STOCK EXCHANGE  >  Telecom Egypt Company    ETEL   EGS48031C016

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Vodafone Egypt Telecommunications SAE : TE to obtain EGP 756m of Vodafone's dividends

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05/02/2016 | 06:01am CEST

Cairo-Mubasher: Vodafone Egypt has approved the distribution of EGP 7 per share as cash dividends, according to a recent statement.

According to Mubasher's calculations, Telecom Egypt (TE) will get a share of EGP 756 million ($85.13 million) from Vodafone's dividends payout.

It is noteworthy that the government owns an 80% stake in Telecom Egypt which owns a stake of 45% in Vodafone Egypt.

Source : Mubasher

All Rights Reserved - Mubasher Info

(c) 2016 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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