#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Telecom Egypt signs $2 billion deal with mobile operators

Share on Twitter Share on LinkedIn
Staff writer ▼ | January 19, 2015
Telecom Egypt has signed a EGP15bn ($2 billion) agreement to provide infrastructure and international calling services to mobile carriers, Mobinil and Vodafone, for five and three years, respectively, Ahram Online reported.
Telecom Egypt
Telecom   Agreement for infrastructure and international calling services
Telecom Egypt renewed an agreement allowing the mobile operators to use its international gateway service for four years.
This will generate a minimum EGP3bn in revenues for the durations of the agreement. Telecom Egypt renewed an agreement allowing the mobile operators to use its international gateway service, which connects calls across borders, for four years, giving TE a 35% share of the revenues from this service.

Telecom Egypt is 80% owned by the government and holds a 45% stake in Vodafone Group Plc's local unit, which the government had announced in September it would be selling.

The government had recently approved a unified license that allows Telecom Egypt to provide mobile phone services, and the country's existing mobile carries, Mobinil, Vodafone and Etisalat to provide landline services.


 

MORE INSIDE POST