Brief: Telecom Egypt Sees Mid Double-Digit Revenue Growth In 2024

Telecom Egypt SAE

05/12/2023 07:08

Dec 5 (Reuters) - TELECOM EGYPT CO  ETEL.CA :
    * BOARD OF DIRECTORS HAS APPROVED THE 2024 BUDGET WITH KPI
GUIDANCE
    * SEES MID DOUBLE-DIGIT REVENUE GROWTH IN 2024
    * SEES EBITDA MARGIN IN THE LATE THIRTIES IN 2024
    * TELECOM EGYPT - SEES IN-SERVICE CAPEX-TO-SALES RATIO IN
EARLY
TWENTIES, EXCLUDING LICENSE FEES IN 2024
    * EXPECTS TO GAIN MORE MARKET SHARE AND SEE IMPROVED
OPERATIONS
HELPING US TO REACH A POSITIVE FCFF IN 2024
    * SEES FCFF TO EBITDA RATIO IN EARLY FORTIES, EXCLUDING
LICENSE
FEES IN 2024
    * DATA WILL REMAIN LEADING REVENUE SOURCE BUT WE FORECAST
CONTINUED MOMENTUM IN OUR INTERNATIONAL REVENUE STREAMS
    * WILL ALSO EXPLORE AVENUES OF INCREASING SHARE IN
GOVERNMENT
PROJECTS

Further company coverage:  ETEL.CA 

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