Telecom Egypt, TMG Ink Pact to Launch New Network with EGP35 mln

Telecom Egypt (TE)(ETAL-CA) signed an agreement with Talaat Moustafa Group ( Arabian Company for Projects & Urban Development ) in order to provide integrated telecommunication network for Madinty- project on an area of 33 million meters through enhancing it with integrated telecommunication services via fiber-optic technology with EGP35 million.

CEO of TE Mohamed Al-Nawawi said this agreement will reflect the confidence of the major institutions by providing the latest telecommunication services with developed techniques.

Al-Nawawi added that TE has a great expertise in this field, especially after implementing projects within the last year, stressing that Madinty project will enhance the company’s place as one of the most telecom companies that contributed in building developed network in the new cities, so as to make the user will obtain high speed internet 10 Gb / s.

Mohamed Mostafa ELgendy the Executive Vice President of Talaat Mostafa Group stated that experience is one of the most reasons to cooperate with TE in Madinty project which is the largest urban compound in Egypt.