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MarketScreener Homepage  >  Equities  >  Egyptian Exchange  >  Telecom Egypt Company S.A.E.    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

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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


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Financials
Sales 2020 28 196 M 1 799 M 1 799 M
Net income 2020 3 667 M 234 M 234 M
Net Debt 2020 15 673 M 1 000 M 1 000 M
P/E ratio 2020 7,13x
Yield 2020 2,04%
Capitalization 20 946 M 1 334 M 1 336 M
EV / Sales 2020 1,30x
EV / Sales 2021 1,11x
Nbr of Employees -
Free-Float 20,0%
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Technical analysis trends TELECOM EGYPT COMPANY S.A.E.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 18,10 EGP
Last Close Price 12,27 EGP
Spread / Highest target 96,4%
Spread / Average Target 47,5%
Spread / Lowest Target 22,2%
EPS Revisions
Managers
NameTitle
Adel Hamed Ibrahim Gadalla Chief Executive Officer, Director & MD
Maged Ibrahim Osman Chairman
Mohamed Hassan Shamroukh Gomaa Chief Financial Officer, Director & Senior VP
Antar Kandil Chief Information Officer & Vice President
Ahmed Mohammed Jamal Abou Ali Independent Non-Executive Director
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