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General

Telecom Egypt revenue rises 117% in Q3

Thursday 12 November 2020 | 10:49 CET | News
Telecom Egypt has reported a 17 percent increase in revenue to EGP 7.4 billion in the third quarter to 30 September from EGP 6.32 billion in the same period in 2019, mainly driven by retail revenue rising by 29 percent year-on-year, making up 64 percent of the top line. Retail revenue growth was primarily led by the 39 percent year-on-year and 4 percent quarter-on-quarter increase in data on an expanding customer base and healthy ARPU. Wholesale revenue was flat year on year at EGP 2.6 billion. 

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Categories: General
Companies: Telecom Egypt
Countries: Egypt
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