By 
Operators Telecom Egypt and Etisalat Misr have announced the signing of six new commercial and strategic agreements worth a staggering EGP 17bn ($911 million).
According to a statement, the deals will allow both parties maximize their returns and support the development of new technologically advanced services to end users in the local market.
Through the agreements Telecom Egypt will provision services to Etisalat Misr including infrastructure, access and voice services allowing Etisalat to provide premium services to its customers capitalizing on Telecom Egypt’s network.
The largest agreement is a 10-year transmission deal with a total value of EGP 12.5bn ($670 million). This agreement will secure the current and future expansions of Etisalat Misr’s network on Telecom Egypt’s infrastructure.
Other agreements signed include Fibre to the site (FTTS) and modification to the national roaming agreements amongst others, added the statement.
Telecom Egypt’s Managing Director and Chief Executive Officer, Adel Hamed, said, “We are very happy to have signed these agreements with Etisalat Misr, as this step fosters the cooperation between both companies to best serve their customers. Over the past years, we have been investing heavily in upgrading our backbone network and we are working on maximizing the returns on our infrastructure investment and continue to serve the local telecom market.”
Also commenting, Hazem Metwally, Chief Executive Officer of Etisalat Misr said, “We are proud of our collaboration with Telecom Egypt, which affirms our leadership within the technology and telecom fields, playing a vital role in leading the digital future in Egypt. We are keen on investing in further strengthening and upgrading our network to meet the needs of Egypt’s market for data usage.”
“Such investments will positively reflect in the quality of services provided to end users and comes in-line with the country’s digital transformation strategy as well as our mission to enrich people’s lives. During the upcoming period, these agreements will play an integral role in the company’s solutions that will be introduced for the first time in the Egyptian market,” he concluded.
Comments