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

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Telecom Egypt : signs LE13bln loan

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07/11/2017 | 11:04pm CEST

Cairo: Telecom Egypt (ETEL) intends This month to sign a memorandum of conditions and final controls to obtain a 13 billion pounds funding which will be directed to back its expansion plan in the coming period. At the end of last month, the company’s Board of Directors agreed to enter into a contract with the National Bank of Egypt to act as the finance agent, in addition to authorizing the company’s CEO, Ahmed El Behairy, to complete negotiations with the banks participating in the loan, represented by Commercial International Bank, Qatar National National Bank, and Crédit Agricole. Al-Beheiry held a lengthy meeting with the company's financial department to study the impact of the Central Bank's Monetary Policy Committee's decision to raise the interest rate by 200 basis points last Thursday on financing. Sources told Al-Mal that the company will continue its negotiations to obtain the loan, adding that memorandum of final terms and conditions will be signed during this month to begin the management of the required financial liquidity. Source: Al-Mal Newspaper

(c) 2017 Arab Finance Brokerage Company 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 14 038 M
EBIT 2017 2 122 M
Net income 2017 2 629 M
Debt 2017 1 638 M
Yield 2017 6,86%
P/E ratio 2017 8,38
P/E ratio 2018 9,53
EV / Sales 2017 1,44x
EV / Sales 2018 1,40x
Capitalization 18 590 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 12,4  EGP
Spread / Average Target 14%
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 043
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NIPPON TELEGRAPH AND TELEPHONE CORP9.57%101 906
DEUTSCHE TELEKOM-4.31%87 089
TELEFONICA11.00%56 962
SINGAPORE TELECOMMUNICATIONS LIMITED9.89%48 173