Telecom Egypt has no short-term plans to float additional stake on EGX

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Cairo – Telecom Egypt announced that it has no short-term plans to float an additional stake on the Egyptian Exchange (EGX).

The major shareholder in the Egyptian telecom operator said that listing an additional stake is still under consideration, according to a statement to the Egyptian Exchange (EGX) on Sunday.

During the first half of 2019, Telecom Egypt’s profits rose to EGP 2.133 billion from EGP 2.061 billion in H1-18.

Source: Mubasher

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