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Telecom Egypt Q3 profit up 35%
- Egypt: Sunday, November 16 - 2008 at 12:39
Telecom Egypt said its third quarter profit jumped nearly 35%, helped by gains on its investment in mobile operator Vodafone Egypt and more mobile traffic on its network. Egypt's fixed-line monopoly also said it had agreed with Egypt's Orascom Telecom to liquidate their joint venture in Algeria. Telecom Egypt is on track to meet its full-year revenue growth target of between 2% and 3%.
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StaffSunday, November 16 - 2008 at 12:39 UAE local time (GMT+4)
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