Telecom Egypt and Etisalat Misr have signed six new commercial and strategic agreements that entail the provisioning of services by Telecom Egypt to Etisalat Misr including infrastructure, access and voice services allowing Etisalat to provide premium services to its customers nationwide on Telecom Egypt’s network.
The agreements entail the provisioning of services by Telecom Egypt to Etisalat Misr including infrastructure, access and voice services allowing Etisalat to provide premium services to its customers nationwide capitalising on Telecom Egypt’s network, with the largest agreement being a 10-year transmission agreement with a total value of EGP 12.5bn ($0.67 bn). This agreement will secure the current and future expansions of Etisalat Misr’s network on Telecom Egypt’s infrastructure. Moreover, a Fiber to the site (FTTS) agreement was signed, a new cooperation between both companies, whereby Telecom Egypt will provide access services with ample capacities on optical fiber for Etisalat Misr’s mobile towers. These agreements come in addition to some amendments to several existing agreements.
The two companies also signed a modification to the national roaming agreement signed earlier in 2017, to enable Telecom Egypt’s demand for growing capacities on Etisalat Misr’s network during the year 2022, besides setting the ground for a more flexible and appropriate mechanism for the expiration of this agreement, which is due by end of the year.
Speaking about the agreement, Adel Hamed, Telecom Egypt’s Managing Director and Chief Executive Officer, 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.”
Hazem Metwally, Chief Executive Officer of Etisalat Misr, added: “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 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.”