Egypt Economy

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Articles & Analysis | Telecommunications from The Report: Egypt 2014

THE COMPANY: Telecom Egypt (TE) is Egypt’s sole fixed-line operator and wholesale telecommunications services provider, with indirect access to the mobile market via its 45% stake in Vodafone Egypt (VFE), the country’s largest mobile operator with a 41.7% market share. TE-Data, its fully owned internet service provider (ISP), has 63.4...

The performance of the Nile Stock Exchange (NILEX) over 2013 and into 2014 suggests that it has broken through the inertia that plagues many new secondary boards in stock exchanges. Established in 2010 as a sub-market for mid- and small-cap firms wishing to access liquidity through the exchange, the NILEX had to contend in its first year of business with low trading...

Given the fallout from the revolution of 2011, the management of the Egyptian Exchange (EGX) focused heavily on short-term challenges and adjusting market operations in order to safeguard the exchange. T+0 settlement was suspended, which brought intraday trading to an end, the pre-trading mechanism used to quote stocks’ guide prices was halted and price fluctuation caps...

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