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FINANCIAL NEWS
Telecom Egypt net profit hits USD139m in Q2
14 Aug 2014
(MENAFN) Telecom Egypt announced registering a net profit of USD139 million in the April-June period, rising 11 percent compared to last year, The Peninsula Qatar reported.
The Egyptian fixed-line monopoly is also set to invest USD3496.25 million in license fees as set by the government to acquire a mobile services license.
“The geography of Egypt is a very important geography and for the last several decades Telecom Egypt has been connecting international infrastructure that comes from the south and the east,” Telecom”s Chief Executive said.
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