Cairo – Mubasher: Telecom Egypt's stock registered the highest mark since March 2015 in Wednesday's early trading session after obtaining a fourth-generation (4G) mobile phone network in Egypt.
By 10:35am Cairo time, the stock quote jumped 4% to EGP 10.19 per share.
With 1.3 million shares changing hands in 333 transactions, the stock achieved a turnover of EGP 13 million.
The landline monopoly is the first company to have a 4G license and frequencies in Egypt at EGP 7.08 billion, of which 50% will be paid in US dollar.
