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

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Telecom Egypt : Launches Country's Fourth Mobile Network We

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09/20/2017 | 11:23pm CEST

Telecom Egypt officially launched “WE”, the country’s long-awaited fourth mobile network.

The fourth mobile network is available with the technologies of 2G and 3G, and 4G experimentally..

The SIM cards for the new mobile network were available for purchase from 8pm ..

The pre-paid cards for the fourth mobile network will be available for distribution by 15 October..

There are three other mobile service providers in Egypt: Orange, Vodafone and Etisalat..

Telecom Egypt has a monopoly on landlines in the country.

The high-speed 4G service is set to be officially activated for all four mobile services by the National Telecommunications Regulatory Authority within weeks..

Telecom Egypt has a helpline -- 111 – for all customers' inquiries.

The mobile internet service provided by WE will cost EGP 10 for 1GB, EGP 20 for 2.5GB, EGP 40 for 6GB, EGP 100 for 18GB, and EGP 200 for 40GB..

The company has a fixed-line subscriber base in excess of 6 million subscribers..

In 2001, Telecom Egypt acquired TEData (formerly GegaNet) to act as its data communications and internet service provider.

(c) 2017 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on TELECOM EGYPT COMPANY
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Financials ( EGP)
Sales 2017 15 957 M
EBIT 2017 2 650 M
Net income 2017 2 968 M
Debt 2017 1 233 M
Yield 2017 6,52%
P/E ratio 2017 7,73
P/E ratio 2018 8,02
EV / Sales 2017 1,47x
EV / Sales 2018 1,50x
Capitalization 22 175 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 13,0  EGP
Spread / Average Target -0,27%
EPS Revisions
Managers
NameTitle
Ahmed Mohamed Hamdy El-Behery Chief Executive Officer, Director & MD
Maged Ibrahim Osman Chairman
Mohamed Hassan Shamroukh CFO, Director & Vice President-Administration
Antar Kandil Vice President-Information & Technology Systems
Ahmed Mohammed Jamal Abou Ali Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TELECOM EGYPT COMPANY1 259
VERIZON COMMUNICATIONS-10.34%201 278
NIPPON TELEGRAPH AND TELEPHONE CORP4.36%96 562
DEUTSCHE TELEKOM-8.25%88 985
TELEFONICA3.08%55 612
ORANGE-3.74%45 015