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    ETEL   EGS48031C016

TELECOM EGYPT COMPANY S.A.E.

(ETEL)
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Telecom Egypt E : statement regarding the probable acquisition of Vodafone Egypt by STC

01/28/2020 | 06:55pm EDT

In light of what is being circulated in the market about Vodafone Group's intention to divest its stake in Vodafone Egypt, Telecom Egypt met with representatives from Vodafone group on the 28th of January to discuss this matter. During the meeting, Vodafone Group's representatives clarified that the company is in the process of signing a non-binding memorandum of understanding to begin assessing the potential acquisition of the Group's stake in Vodafone Egypt by Saudi Telecom Company (STC). Vodafone Group has stressed that it is committed to all of Telecom Egypt's rights as per the agreement of Vodafone Egypt's shareholders.

Telecom Egypt is closely following the aforementioned procedures to consider all the possible ways it may deal with its investment in Vodafone Egypt given its rights that are stipulated in the shareholder agreement. Any decision taken will be based on the final form of the potential acquisition.

Disclaimer

Telecom Egypt Company SAE published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2020 23:54:06 UTC


ę Publicnow 2020
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Financials
Sales 2021 33 693 M 2 160 M 2 160 M
Net income 2021 5 526 M 354 M 354 M
Net Debt 2021 28 350 M 1 817 M 1 817 M
P/E ratio 2021 4,17x
Yield 2021 6,11%
Capitalization 21 646 M 1 382 M 1 388 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,40x
Nbr of Employees -
Free-Float 20,0%
Chart TELECOM EGYPT COMPANY S.A.E.
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Telecom Egypt Company S.A.E. Technical Analysis Chart | MarketScreener
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Technical analysis trends TELECOM EGYPT COMPANY S.A.E.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 17,62 EGP
Last Close Price 12,68 EGP
Spread / Highest target 77,4%
Spread / Average Target 38,9%
Spread / Lowest Target 4,10%
EPS Revisions
Managers and Directors
NameTitle
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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