Telecom Egypt reported a 61.3 percent drop in third-quarter net profit on Wednesday to 251.9 million Egyptian pounds ($35.23 million) from 650.8 million pounds a year earlier. The landline monopoly, in which the government owns an 80 percent stake, said revenue totaled 2.72 billion Egyptian pounds, down 5.2 percent from the previous year. More to follow http://english.ahram.org.eg/News/115333.aspx
