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

TELECOM EGYPT COMPANY (ETEL)
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Telecom Egypt : signs agreement with Orange Data for 3 years

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02/21/2018 | 01:17pm CET

Telecom Egypt Company (WE) signed a commercial agreement with Orange Data for three years to offer infrastructure and transmission services through Telecom Egypt`s network.

The agreement was signed by Telecom Egypt`s managing director and CEO Ahmed el-Beheiry and Chief Executive Officer of Orange Egypt for Telecommunications S.A.E. Jean Marc Harion.

The agreement stipulates that Orange Data will use Telecom Egypts fixed internet services network.

Telecom Egypts statement pointed out that there is no immediate financial effect of this agreement, but its expected to increase the companys revenues on the middle term as the pricing of the new services depends on the quota.

Telecom Egypt`s managing director Beheiry said the agreement will boost the strategic partnership and the volume of trade exchange between the two companies, adding that it will also maximize benefits accrued from the current growth in the data usage rates.

For his part, Chief Executive Officer of Orange Egypt Harion hoped that the agreement will help in removing all hurdles to fixed internet access services.

At the beginning of February, Telecom Egypt signed transmission and infrastructure services agreement with Vodafone Egypt for three years.

The agreement with Vodafone guaranteed minimum revenue of LE 2.37 billion for Telecom Egypt over the tenure of the agreement.

On the other hand, Telecom Egypt reached a final settlement with Etisalat Misr in regards to a dispute on international calls` services.

The settlement covered the amounts gained from the start of rendering services to Etisalat Misr and until June 13, 2017.

According to the settlement, Telecom Egypt would pay $48 million to Etisalat Misr to mitigate an exposure of more than $100 million.

Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services.

Aside from its mobile operation "WE", the company owns a 45 percent stake in Vodafone Egypt.

For Orange, it operates within the Telecommunication Services sector focusing on Wireless Telecommunication Services. It has six subsidiaries operating across Egypt. Orange is based in Cairo, Egypt, and was established in March 1998.

(c) All rights reserved. Kuwait Times Newspaper 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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ChangeLast1st jan.
ORANGE 0.15% 13.695 Real-time Quote.-6.80%
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Financials ( EGP)
Sales 2017 16 515 M
EBIT 2017 2 635 M
Net income 2017 3 103 M
Debt 2017 3 728 M
Yield 2017 6,39%
P/E ratio 2017 6,52
P/E ratio 2018 6,76
EV / Sales 2017 1,50x
EV / Sales 2018 1,55x
Capitalization 21 116 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 14,1  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 200
VERIZON COMMUNICATIONS-6.46%204 584
NIPPON TELEGRAPH AND TELEPHONE CORP-11.07%93 285
DEUTSCHE TELEKOM-12.00%78 009
TELEFONICA-7.83%48 991
ORANGE-6.80%44 843