August 28, 2021

Telecom Egypt, Amer Group sign cooperation contract for technology set up -Egypt

ArabFinance: Telecom Egypt (ETEL) signed a contract with Amer Group Holding (AMER) to install the latest technology in the latter projects, according to Amwal Alghad.

Egypt’s primary telecommunication company has achieved a net profit of EGP 3.9 billion in the first half (H1) of 2021, surging by 88% year-on-year (YoY) from EGP 2.06 billion.

The company attributed this growth in net revenue to the steady operational performance, foreign exchange gains, and higher investment income from Vodafone.

Cairo-based Telecom Egypt is a joint-stock company, which operates in the sectors of communications, marine cables, infrastructure, internet services, and outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.


Categories : telecom

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