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    ETEL   EGS48031C016

TELECOM EGYPT COMPANY S.A.E.

(ETEL)
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Telecom Egypt E : launches VoLTE service in Egypt through its 4G network

07/29/2021 | 05:47am EDT

Telecom Egypt launches voice over LTE (VoLTE) service in Egypt through its 4G network in cooperation with key technology players and handsets providers like Ericsson, Nokia and Huawei. The new technology offers a high quality and convenient voice service that can connect up to five times faster than conventional voice calls and allow for simultaneously making voice calls while using 4G data services, without neither affecting the quality of the calls nor the speed of the data connection.

Telecom Egypt's state of the art 4G network following the latest international standards of 3GPP LTE-advanced 3 that include 'Carrier Aggregation' and 'Massive MIMO,' enables it to provide its customers with the optimum quality and speed available, besides being 5G ready.

It is worth mentioning that the NTRA has lately authorized VoLTE services in the Egyptian market.

Adel Hamed, TE's Managing Director and Chief Executive Officer, commented:

'We are very pleased with launching VoLTE service in Egypt in collaboration with our partners of success as it portrays our eagerness to solidify our presence in the Egyptian market through providing excellent services and the best customers' experience. Telecom Egypt leverages on its unique mobile bandwidth coverage, having spectrum in the 700MHz, 1800MHz, and 2600MHz bands, in addition to its latest customer experience monitoring systems to measure and improve the quality of services provided.'

Disclaimer

Telecom Egypt Company SAE published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 09:46:09 UTC.


ę Publicnow 2021
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Financials
Sales 2021 33 964 M 2 159 M 2 159 M
Net income 2021 5 309 M 337 M 337 M
Net Debt 2021 22 167 M 1 409 M 1 409 M
P/E ratio 2021 4,83x
Yield 2021 5,24%
Capitalization 24 411 M 1 555 M 1 552 M
EV / Sales 2021 1,37x
EV / Sales 2022 1,27x
Nbr of Employees -
Free-Float 20,0%
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Number of Analysts 8
Last Close Price 14,30 EGP
Average target price 18,63 EGP
Spread / Average Target 30,3%
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Adel Hamed Ibrahim Gadalla Chief Executive Officer, Director & MD
Mohamed Hassan Shamroukh Gomaa Chief Financial Officer, Director & Senior VP
Maged Ibrahim Osman Chairman
Antar Kandil Chief Information Officer & Vice President
Mohamed Al-Fowey Chief Technology Officer & Vice President
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