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Earnings watch: Sodic, EFG Hermes, MNHD, Telecom Egypt
EARNINGS WATCH- Sodic net income grows 9% y-o-y in 2Q019, revenues double: Sodic recorded a 9% y-o-y increase in net…
Telecoms
Telecom Egypt signs agreements with China’s ZTE and China Telecom
Telecom Egypt (TE) has signed a cooperation agreement with China’s ZTE to establish a training center in Egypt, the Communications…
Veon MTO for Global Telecom closes
M&A WATCH- Veon MTO for Global Telecom closes: Global Telecom Holding’s (GTH) sale of 1.99 bn shares in a mandatory…
China’s Jusfoun Big Data to establish office in Cairo
The Information Technology Industry Development Agency (Itida) and Jusfoun Big Data Information Group signed an MoU to establish an office…
MCDR to set up EGP 100 mn Internet of Things JV with French company, Egyptian sovereign entity
Misr for Central Clearing, Depository, and Registry (MCDR) is planning to set up a EGP 100 mn Internet of Things…
Number of mobile subscriptions in Egypt rise in March for the first time in months
The number of mobile subscribers in Egypt rose in March for the first time after months of experiencing a sustained…
Service revenues from Vodafone Group’s Egyptian operations rise 26.2% y-o-y
Service revenues from Vodafone Group’s Egyptian operations rose 26.2% y-o-y in the first quarter of the company’s current fiscal year,…
GTH board approves Grant Thornton valuation report
Global Telecom Holding’s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation…
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