Egypt’s Financial Regulatory Authority (FRA) has confirmed that Saudi Telecom Company (stc) will be required to make an offer for the 44.94% of Vodafone Egypt currently held by Telecom Egypt, if it completes a proposed USD2.4 billion purchase of Vodafone Group’s 54.93% stake in the Egyptian cellco. According to Reuters, which cites a letter released...
The British telecoms group Vodafone Group Plc has entered into negotiations with Saudi Telecom Company (STC) on the sale of the majority of its shares in its Egyptian subsidiary. According to Bloomberg, who reports the information, the news was released by a senior government official who declined to be named until the government was officially contacted. It is...
Orange Egypt has announced it has signed a US$135-million agreement to build and operate the datacentre and cloud computing platform for Egypt’s New Administrative Capital project. The large-scale project to establish the proposed new capital of Egypt has been in operation and under construction since 2015. It was first announced by then-Egyptian housing minister Moustafa...
Egypt will launch its first communication satellite into orbit today (22 November) to improve its communications infrastructure and internet services, and attract investment. Reuters reports that the ‘Tiba-1’ satellite – named after the ancient Egyptian capital of Thebes – is scheduled to launch on one of Europe’s Arianespace rockets from a space centre in French...
On the sidelines of the Euromoney Conference held in Egypt on September 9, 2019, the Minister of Communications and Information Technology, Amr Talaat, announced the construction of seven technology parks in different universities of the country, during this year. He added that a project to create a university specialized in ICT in the Knowledge City, located...
Egypt’s Ministry of Communications and Information Technology (MCIT) is reportedly planning to begin work on the construction of an EGP40 billion (USD2.44 billion) telecommunications network, as part of the first phase of development of the country’s proposed new capital city. According to Reuters the MCIT has signed a cooperation agreement with the Administrative Capital for Urban Development...
Egypt’s National Telecommunications Regulatory Authority (NTRA) and Orange Egypt, Vodafone Egypt and Etisalat Misr have signed a settlement agreement on 9 September 2019. The purpose of this arrangement initialed by Mustafa Abdel Wahed, Executive Chairman of NTRA, Yasser Shaker, CEO of Orange Egypt, Alexander Froman, CEO of Vodafone Egypt and Hazem Metwally, CEO of Etisalat...
Telecom Egypt and the Administrative Capital for Urban Development (ACUD) have signed an agreement to build and operate a telecom networks in the new administrative capital as well as to provide smart and security services networks. The agreement was signed by Major General Mohamed Abdel Latif, the General Manager of the ACUD, and Adel Hamed,...
As a result of a deal struck with Huawei Egypt, Telecom Egypt will use 5G and augmented reality technologies from Huawei Technology Corporation to enhance its communications services portfolio – including virtual reality and augmented reality services. The agreement was signed by Adel Hamed, chief executive officer of Telecom Egypt, and Vincent Sun, president and...
China Huawei Technology Corporation will provide new models for the use of communication, virtual reality (VR) and augmented reality (AR) applications to Telecom Egypt. The collaboration between the two companies is the result of an agreement signed on August 8, 2019 by Adel Hamed, chief executive officer of Telecom Egypt, and Vincent Sun, president and CEO...
