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Egypt’s Global Telecom posts Q2 net profit of $26.5 million

Global Telecom, the Egypt-based group formerly known as Orascom Telecom, made a net profit of $26.5 million in the second quarter, down from $27.4 million in the same period a year earlier, the firm said in a statement on Thursday.


The firm made total revenue of $693 million compared with $736 million in the same period last year.