ArabFinance: The extraordinary general assembly (EGM) of Telecom Egypt (TETL) approved amending Articles (21, 43) of the companys Articles of Association, the company said in a statement on March 15th.

The companys EGM also authorized the board of directors to make any amendments requested by the General Authority for Investment and Free Zones (GAFI) or the Financial Regulatory Authority (FRA) to the decisions of the assembly or the amendments.

The telecom provider achieved a consolidated net profit of EGP 4.58 billion in 2020, compared to EGP 4.39 billion in 2019.

Telecom Egypt is an Egypt-based joint-stock company, which is engaged in the provision of public communications and associated products and services.

The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.

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