Telecom Egypt EISCC Buys MENA For $90m

Telecom Egypt EISCC Buys MENA-SCS For $90m By Daily News Egypt May 21, 2018 Telecom Egypt has announced that its 50% subsidiary, the Egyptian International Submarine Cables Company (EISCC), has completed an agreement with Orascom Telecom Media and Technology Holding (OTMT) for the purchase of OTMT’s shareholding in Middle East and North Africa Submarine Cable [...]

2018-05-21T10:56:29+00:00May 21st, 2018|Categories: State of the Industry|Tags: , , , , |

Telecom Egypt Approves Acquisition Of MENA Cable

Telecom Egypt Approves Acquisition Of MENA Cable From Orascom TMT, Long-Term Credit Facilities By Telecompaper May 10, 2018 Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of MENA Cable [...]

2018-05-11T09:25:21+00:00May 11th, 2018|Categories: Current Systems|Tags: , , |

Telecom Egypt Cuts Dividend For Submarine Cable Investment

Telecom Egypt Cuts Dividend In Favour Of Submarine Cable Investment By Telecompaper March 28, 2018 Telecom Egypt announced that in light of a new investment opportunity in the submarine cable industry, the board determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share. In a statement, TE [...]

2018-03-29T10:52:07+00:00March 29th, 2018|Categories: State of the Industry|Tags: , , , |