Telecom Egypt raises its proposed dividend for FY 2020 in light of Vodafone Egypt’s dividend distribution
22 March 2021
In its OGM held on March 18, 2021, Vodafone Egypt approved a dividend of EGP 2bn, of which Telecom Egypt’s share amounts to cEGP 0.9bn. Accordingly, Telecom Egypt’s BoD has proposed raising its dividend for FY 2020 to EGP 0.75 per share instead of EGP 0.50 per share
Telecom Egypt plans launching HARP, a new subsea system circling the African continent
03 March 2021
Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region, announces its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp. It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure.