Telecom Egypt concludes the acquisition of Middle East and North Africa Submarine Cable “MENA”
17 September 2018
Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces the conclusion of the acquisition of Middle East and North Africa Submarine Cable (“MENA Cable”) from Orascom Investment Holding “OIH” through its subsidiary Egyptian International Submarine Cable Company “EISCC”. As previously announced, the total enterprise value of MENA Cable is USD 90mn of which USD 40mn represents the equity value of MENA Cable and the remainder its outstanding debt.
Q2 2018 results: Strong operational performance indicating the success of our long-term investment strategy
14 August 2018
Telecom Egypt today announces its Q2 2018 results ending 30 June 2018.