Telecom Egypt Co 2020 IR
The report outlines Telecom Egypt's operational and financial performance for the fiscal year 2020, highlighting its role in supporting Egypt's digital shift during the COVID-19 pandemic. The company achieved a record net profit of EGP 4.9 billion and operating cash flow of EGP 8.3 billion, driven by strong data demand and infrastructure investments. Telecom Egypt successfully completed 90% of its copper-to-fiber replacement program and expanded its international submarine cable network, including the 2Africa project. Additionally, the company launched "WE SPACE" high-speed internet packages and the "WE Pay" electronic wallet to promote financial inclusion.
Company: Telecom Egypt Co
Sector: Communication Services
Country: Egypt
Year: 2020
Type: IR
Pages: 70
Telecom Egypt Co
Integrated Annual Report
The report outlines Telecom Egypt's operational and financial performance for the fiscal year 2020, highlighting its role in supporting Egypt's digital shift during the COVID-19 pandemic. The company achieved a record net profit of EGP 4.9 billion and operating cash flow of EGP 8.3 billion, driven by strong data demand and infrastructure investments. Telecom Egypt successfully completed 90% of its copper-to-fiber replacement program and expanded its international submarine cable network, including the 2Africa project. Additionally, the company launched "WE SPACE" high-speed internet packages and the "WE Pay" electronic wallet to promote financial inclusion.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Employees