CAIRO: Telecom Egypt (TE) announced that it will issue dividends of 30 piasters per share for deferred profits, in a statement on Tuesday. The dividend comes additional to all regular dividend profits on 2011 earnings. Shares in Telecom Egypt are expected to rise by 32 percent this year if the company pays a bumper dividend to shareholders. The company has about $5 billion in cash. It is rumored that the Egyptian government, which owns 80 percent of TE, has pressured the company to issue a high dividend, looking to it as a source of much-needed cash. Telecom Egypt wields a monopoly on landline services in Egypt. The company has long term plans to break into the mobile telecom service industry as well. BM ShortURL: http://goo.gl/A9bm4 Tags: Dividends, Telecom, Telecom Egypt Section: Egypt, Tech