Egypt - Telecom Egypt (ETEL) assigned by the Egyptian Cabinet to manage and operate technical schools that will be converted into joint schools for applied technology in the information technology field, according to the Cabinet’s Facebook page.
The assignment comes under the cooperation protocol signed between the Ministry of Education and the Ministry of Communications and Information Technology for a period of six years, aiming to convert five technical schools.
Telecom Egypt launched the voice call service through the fourth generation VoLTE technology in Egypt, in cooperation with Ericsson in the main network, as well as Nokia and Huawei in other networks.
Beltone sets the fair value of Telecom Egypt at EGP 16.20 per share with a recommendation to purchase the share.
Telecom Egypt is an Egypt-based joint-stock company engaged in the provision of public communications and associated products and services.
The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.