Telecom Egypt has renewed a long term agreement with Vodafone Egypt, to provide international call conveyance services. The agreement extends to the year 2022.
The agreement is expected to represent a total value for Telecom Egypt of approximately EGP 12 billion throughout the agreement term.
The renewed agreement extends the terms of the bilateral commercial commitments between both companies for more than 5 years, to ensure Telecom Egypt’s leadership position in the international calls conveyance services to and from the Egyptian market.
The renewal of the agreement’s conditions will come to serve the interests of Telecom Egypt and Vodafone Egypt as it includes mechanisms to cope with the current market dynamics and to enable both parties to cooperate in fighting the international fraudulent traffic activities and limit the illegal bypass routes for international calls, while maximizing returns on Telecom Egypt’s international gateway.
Source: Business Africa