< Arab Finance - News - Telecom Egypt, Amer Group sign cooperation contract for technology set up
Count Down to relaunch



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

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

ArabFinanceTelecom 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.

#Related keywords

'

Recommended Stocks

04 Oct 2021
United Housing & Development UNIT
Close
04.26
Change
01.19
Buy

All rights reserved to Arab Finance 2020 ©

Back to top