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Telecom Egypt total revenues hit LE 18.6bn in 2017

Telecom Egypt Company (We)  total revenues shot up to LE 18.6 billion in 2017, marking a 33% rise in comparison with 2016.

In a press release on Monday, the company said its Profit After Tax (PAT)  reached LE 3.2 billion during  the company's 2017 financial year which ended on December 31, at an 18% rise in comparison with 2016.

The company's 2017 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) upped to LE 5.2 billion, at a 36% rise in comparison with 2016.

Telecom Egypt is the largest fixed-line operator in Africa and the Middle East. The company has about 3.8 million internet subscribers. The company has also launched mobile phone service. 

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