Telecom Egypt (ETEL.CA) has signed an agreement with ‘MENA submarine cable systems’ (MENA), a subsidiary of Orascom Telecom Media and Technology olding (OTMT.CA).
The agreement enables MENA to use one fiber pair in TE’s cable, located between its landing stations in Zaafarana on the Red Sea Coast and Abou Talat on the Mediterranean Coast. Fiber pair optical fibers are widely used in fiber-optic communications and permit transmission over longer distances and at higher bandwidths than other forms of communication.
With this deal, TE has signed another agreement with ‘OTMT’ providing different offerings and international services.
Combined, both agreements will contribute to te around EGP 210 million, which will be realized upon completion and service delivery.
Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said: “Signing agreements such as this one with Orascom Telecom confirms the confidence from the business community in TE’s ability to provide services that meet the communications needs of a wide range of institutions.
“We welcome cooperation with our partners to develop and serve the Egyptian telecommunications market, and ultimately benefit our stakeholders.”
