Cairo - Mubasher: Egypt’s landline operator Telecom Egypt (TE) said its board of directors has approved the work plan as well as the estimated budget for 2016.
The company targets growth of 7% to 9% in total operating revenues in 2016.
Meanwhile, the company eyes EBITDA margin within the range of 20% to 30% and CAPEX of 25% to 30% in 2016.
TE earlier reported net profits of EGP 1.2 billion in the third quarter of 2015, up 359.8% from EGP 262.5 million a year earlier.
