News

Telecom Egypt predicts 2016 revenue growth

Telecom Egypt has predicted revenue growth between 7-9% in 2016, Reuters reports.

In a statement to the Egyptian bourse, the operator has also estimated a profit margin before interest, tax and depreciation of between 20-30%.

Telecom Egypt is set to acquire a 4G mobile licence nextyear, and in September 2015, company chairman Mohamed Salem resigned from hispost.

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