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General

Telecom Egypt revenue up 20% in Q1, EBITDA grows 42%

Tuesday 11 May 2021 | 08:50 CET | News
Telecom Egypt's revenue increased by 20 percent to EGP 8.4 billion in the first quarter of 2021 compared to EGP 7.0 billion in the same period in 2020. Customers grew across the board, with fixed voice customers increasing 7 percent to 10.05 million, fixed data up 22 percent year-on-year to 7.26 million, and mobile customers 38 percent higher at 8.52 million. EBITDA rose 42 percent to EGP 3.2 billion, recording a strong margin of 39 percent thanks to an enhanced revenue mix and continued cost optimisation, the company said. 

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Categories: General
Companies: Telecom Egypt
Countries: Egypt
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