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General

Telecom Egypt's BoD approves 2018 budget, plans more mobile investment

Thursday 28 December 2017 | 14:31 CET | News
Telecom Egypt's board of directors approved the company's budget for the fiscal year 2018. Total revenue growth is expected to be in the range of high single digit to low double digit, the EBITDA margin is forecast in the mid to high twenties, and capital expenditure will reach 30 percent of revenues. The company said it expects to continue posting strong operational margins and that it will continue to invest in its mobile network launched last year.

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Categories: General
Companies: Telecom Egypt
Countries: Egypt
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