Tarek Tantawy, chief executive of Telecom Egypt, has said the company has proposed a cut on its dividend and delayed the launch of an undersea cable until the second quarter, after posting lowerÜthanÜexpected earnings, Reuters has reported. The TE North cable, which travels from Egypt's Mediterranean coast to Marseille in France, was due to be completed by the end of 2009.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.