TE Data grows its market share to 73% in December 2015
Telecom Egypt’s (TE) [ETEL.CA] ADSL arm TE Data was able to grow its market share to 73% in December 2015. The company’s total subscriptions reached 3.8 million, up from 3.6 million in September 2015, adding 84,000 new subscriptions. According to Al Mal, many clients from the other ISPs canceled their contracts due to the frequent service outage. (Al Mal) Telecom Egypt: EGP5.76 as of 20 January 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,256 million, ETEL EY / ETEL.CA
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