Telecom Egypt, Etisalat Misr Pact Proceeds to Hit EGP200 mln Annually

Telecom Egypt (TE) (ETEL.CA) announced on Sunday it has signed a long-term agreement with Etisalat Misr, a subsidiary of Etisalat UAE, for the supply of infrastructure services.

The agreement grants Etisalat Misr the right to use domestic transmission services across TE’s extensive network. The agreement takes immediate effect and is expected to represent a total value for TE of approximately EGP 200 million annually.

Telecom Egypt owns an extensive and advanced infrastructure which a majority of telecommunications companies depend on to offer their c retail telecom services in the Egyptian market as a better commercial option rather than building their own infrastructure networks. Telecom Egypt continues to invest in and develop its infrastructure, allowing it to continue to provide high quality services to serve the Egyptian market, which use the latest global techniques.

Telecom Egypt aims to achieve customer satisfaction in the Egyptian market and providing total telecommunications services that enable its customers to have access to high- quality advanced services.

Commenting on the agreement, TE Managing Director & CEO, Mohamed Elnawawy, said:

“Our agreement with Etisalat Misr is reflective of the continued strength of our infrastructure and the resilience of the Egyptian telecoms market as a whole. In choosing to rely on our capability and track record, Etisalat Misr will become an important customer, whose growing need for capacity in Egypt we fully expect to be able to satisfy.”