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    ETEL   EGS48031C016

TELECOM EGYPT COMPANY S.A.E.

(ETEL)
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Telecom Egypt : Introduced Volte Service in Egypt

07/24/2021 | 10:06am EDT

Telecom Egypt has rolled out its 4G voice calls service with VoLTE technology in the Egyptian telecom market.

The launch was possible with the collaboration of Ericsson, as well as Nokia and Huawei on other networks. This provides customers with a high quality of voice calls and allow them to make calls and use data services via 4G technology at the same time.

Voice call connections over 4G powered by Ericsson takes less than two seconds compared to 10 seconds on non-VoLTE networks.

The Managing Director and CEO of Telecom Egypt, Adel Hamed, said that the company is the only telecom company in Egypt that has frequencies in the 700 MHz, 1800 MHz, and 2600 MHz bands.

VoLTE is considered a highly-efficient wireless technology providing high-quality audio calls for subscribers in terms of voice purity and clarity. Furthermore, this service does not require any additional fees to the current cost of service to be incurred by users. It was also acknowledged and approved by National Telecom Regulatory Authority of Egypt (NTRA) for the huge improvement it will bring to the quality of services in Egypt's market and in line with the latest technologies adopted worldwide.

Copyright NexTVAfrica. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON 2.27% 98.74 Delayed Quote.-1.12%
TELECOM EGYPT COMPANY S.A.E. 2.50% 14.35 End-of-day quote.20.28%
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Financials
Sales 2021 33 964 M 2 169 M 2 169 M
Net income 2021 5 309 M 339 M 339 M
Net Debt 2021 22 167 M 1 415 M 1 415 M
P/E ratio 2021 4,85x
Yield 2021 5,23%
Capitalization 24 496 M 1 559 M 1 564 M
EV / Sales 2021 1,37x
EV / Sales 2022 1,28x
Nbr of Employees -
Free-Float 20,0%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 14,35 EGP
Average target price 18,63 EGP
Spread / Average Target 29,8%
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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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