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    ETEL   EGS48031C016

TELECOM EGYPT COMPANY S.A.E.

(ETEL)
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Telecom Egypt E : wins the award for the fastest fixed network in North Africa by Ookla®

01/28/2021 | 04:10am EDT
Telecom Egypt's (WE) fixed network was deservedly named the fastest fixed network in North Africa for the third and fourth quarters of 2020 for reaching average internet speeds of 32.66 Mbps, according to Ookla®, a world leader in measuring and evaluating internet speeds. Evaluations are based on a careful analysis of tests that are run by users through Speedtest®. This award confirms Telecom Egypt's keenness to support Egypt's digital transformation through its continuous investments in developing and upgrading its infrastructure.

Telecom Egypt has made significant investments over the past years to develop its infrastructure across all Egyptian governorates by updating and expanding its international, core, transmission, and backbone networks. It also focused on accelerating the deployment of multi-service access nodes (MSANs) and fiber optic cables, and simultaneously increased the efficiency of its terrestrial network to best serve its customers. Such efforts have contributed to the radical improvement in the quality of services being provided to individual and enterprise customers, as the network has been able to absorb the huge increase in data traffic, and provide the highest fixed broadband speeds to the market.

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

'Attaining this title comes in recognition of our great and continuous efforts to develop our network infrastructure, and improve the quality of internet services in Egypt. We are very proud to have earned this achievement, despite the exceptional circumstances and great challenges brought about by the Covid-19 pandemic, which was accompanied by an unprecedented surge in data demand.'

Disclaimer

Telecom Egypt Company SAE published this content on 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 09:09:04 UTC.


© Publicnow 2021
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Financials
Sales 2021 34 086 M 2 182 M 2 182 M
Net income 2021 5 958 M 381 M 381 M
Net Debt 2021 28 350 M 1 815 M 1 815 M
P/E ratio 2021 4,57x
Yield 2021 5,63%
Capitalization 23 745 M 1 516 M 1 520 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,45x
Nbr of Employees -
Free-Float 20,0%
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Number of Analysts 8
Last Close Price 13,91 EGP
Average target price 17,99 EGP
Spread / Average Target 29,3%
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Managers and Directors
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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