Telecom Egypt (BCBA:TECO2m), the country’s leading telecommunications provider, has announced a dividend distribution for its shareholders. The record date for the dividend is set for April 17, 2025, with payment scheduled for Thursday, April 23, 2025. Each share will receive a dividend of EGP 1.5.
This dividend payment marks the company’s 23rd coupon and is part of Telecom Egypt’s ongoing commitment to providing returns to its investors. The announcement underscores the company’s dedication to maintaining shareholder value.
With a history spanning approximately 170 years, Telecom Egypt is a prominent player in Egypt’s telecom sector, offering a wide range of services, including fixed and mobile voice, high-speed internet, smart solutions, data center facilities, and cloud computing services. These offerings cater to a diverse customer base, including individuals, small offices/home offices (SOHOs), small and medium-sized enterprises (SMEs), and large corporations.
Telecom Egypt’s robust network infrastructure and varied service portfolio have solidified its leadership position in the market. Additionally, the company has a significant footprint in the mobile sector through its “WE” brand and holds a 45% stake in Vodafone Egypt (NASDAQ:VOD).
Telecom Egypt’s shares and Global Depositary Receipts (GDRs) are publicly traded on the Egyptian Exchange and the London Stock Exchange under the tickers ETEL.CA and TEEG.LN, respectively.
