Telecom Egypt Says EGP40bln Transactions with 3 Mobile Operators

Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt(TE)(ETAL-CA) said the volume of transactions between the mobile phone operators and TE reached EGP40billion within the last years ,amounted to EGP4billion annually  through the cooperation between the firms in the infrastructure for messaging and International Portal for calls.

Al-Nawawi added in the conference which has held by the company today the business results of TE as it attained EGP650million net profits within the first nine months, with 22.7% growth rate.

He revealed that the revenues surged by 16% move up by EGP2.862billion at the end of the fourth quarter of this year.