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Telecom Egypt Delays Cable Launch
Published Mar 16, 2010
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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 lower than expected earnings. 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.
Posted by
VMD - [Virtual Marketing Department]
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