Telecom Egypt announced a 2013 dividend of one Egyptian pound ($0.14) per share on Thursday, down from LE1.30 a year earlier despite higher sales and profits.

The fixed line monopoly operator posted a net profit of LE2.96 billion ($425 million), up from LE2.62 billion a year earlier.

Revenues rose to LE11.13 billion from LE10.03 billion.

The company has been asked to pay LE2.5 billion for a mobile licence it seeks, telecommunications minister Atef Helmy said this month. It has also been given a one-year deadline to sell its near 45 percent stake in Vodafone Egypt.

Vodafone Egypt is one of Egypt's three mobile providers along with Mobinil and Etisalat Egypt serving a market were people increasingly use mobile phones and the Internet instead of making fixed-line phone calls.

Telecome Egypt plans to begin its dividend payments on April 27.