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Telecom Egypt says CEO to step down
Reuters Published in Ahram Online on 27 - 04 - 2011

Telecom Egypt's Chief Executive Tarek Tantawy will step down to pursue other career opportunities, the company said on Wednesday.
Chief Technology Officer Mohammed Abdel Rehim Hassanein will become CEO on an interim basis until a permanent replacement for Tantawy is found, Telecom Egypt (TE) said in a statement.
Shareholders in Telecom Egypt approved a 1.3 Egyptian pound ($0.22) cash dividend at a meeting on Tuesday, the firm said in a statement.
The firm's 2010 net profit soared by 8 per cent to 3.3 billion pounds, mainly due to its 49 per cent stake in Vodafone Egypt.
Shares in the landline monopoly rose 3.2 per cent while Egypt's benchmark share index. EGX30 inched up 0.03 percent at 0916 GMT.

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