Telecom Egypt predicts 2016 revenue growth

22 December 2015 |


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.