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26-Mar-2017

Conflict Resolution Committee orders Telecom Egypt to pay EGP203mn to the Tax Authority for tax calculation differences for the years 2011 and 2012

Telecom Egypt (TE) [ETEL.CA] has been ordered by the Conflict Resolution Committee to pay an amount of EGP203mn to the Egyptian Tax Authority (ETA) for tax calculation differences for the years 2011 and 2012.

Telecom Egypt: EGP11.44 as of 23 Mar. 2017, Rating: Neutral, TP: EGP10.30/share, MCap: USD1,079mn, ETEL EY/ETEL.CA

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