TE 2Q16 earnings boosted by stronger-than-expected wholesale revenue, EBITDA margin and non-operating items
Revenue – EGP3,294mn, +9% Y-o-Y, +7% Q-o-Q, +7% vs. EFGe EBITDA margin – 32.3%, +3.2pp Y-o-Y, +0.1pp Q-o-Q, +2.8pp vs. EFGe Net income – EGP1,039mn, +175% Y-o-Y, -13% Q-o-Q, +52% vs. EFGe Telecom Egypt (TE) released a surprisi
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