Orange Egypt – formerly Mobinil until rebranded in 2016 – will also use Telecom Egypt’s infrastructure transmission services for five years at the total cost of $137 billion.
Ahmed El Beheiry, managing director and CEO of Telecom Egypt, said: “This agreement signals the strength of our commercial cooperation with Orange Egypt. We have reached commercial terms on 2G, 3G and 4G access as well as transmission services.”
Telecom Egypt said the memorandum of understanding fell under the framework of the mobile licence from the country’s National Telecommunications Regulatory Authority (NTRA).
“We have been working tirelessly behind the scenes to ensure that [Telecom Egypt] is ready to launch commercial operations as swiftly and smoothly as possible,” said El Beheiry.
At the same time Telecom Egypt has started implementation of its fully converged business support system, integrating functions such as customer relationship management, billing and point of sales.
Telecom Egypt still has a 44.94% shareholding in Vodafone Egypt, which won its own 4G licence in October 2016. Under the origin al terms of the NTRA’s plans for 4G and unified licences, Telecom Egypt was expected to sell its stake in Vodafone Egypt.