Telecom Egypt, Etisalat Misr ink virtual fixed voice services deal
Telecom Egypt and Etisalat Misr have signed a memorandum of understanding (MoU) to provide the latter with virtual fixed voice services.
The agreement, the first in the Egyptian market, covers all the basic terms that shall allow both companies to formalise a commercial agreement in due course.
Under this MoU, Telecom Egypt will enable Etisalat Misr to provide its customers with fixed voice services via its nationwide fixed network. In return, Telecom Egypt will enhance its revenues generated from the domestic wholesale business supported by the increase in Etisalat Misr’s customer base.
The companies say that the signing of the MoU is "a major step towards enhancing cooperation between both companies and achieving mutual benefits, which will in turn enrich the Egyptian market with the diversification of offers and services".
“We are proud to have signed this MoU with Etisalat Misr, which reflects the real opportunities in the Egyptian telecoms market and strengthens our strategic partnership and mutual commercial cooperation," said Ahmed El Beheiry, managing director and chief executive officer.
"Telecom Egypt began to reap the benefits of the major investments in developing its infrastructure and increasing its network coverage within Egypt. Such investments continue to have a positive impact on the quality of services that we provide to our customers (consumer, enterprise, and other operators) and confirms our keenness to provide the best to the Egyptian market.”
Hazem Metwally, chief executive officer of Etisalat Misr, added: “We are pleased to have signed the MoU with Telecom Egypt, which is a true addition to both
companies and fosters our mutually beneficial cooperation. As a result of this agreement, Etisalat Misr will become a total telecom operator offering both voice and data services to its mobile and fixed customers. This will allow us to serve all our customers’ needs through one operator and provide the highest quality possible given Etisalat Misr’s advanced network and latest technology.”
The news comes after Bharti Airtel partnered with Telecom Egypt in a global subsea cable connectivity partnership and Liquid Telecom struck an agreement with Telecom Egypt that will allow the African operator to complete a pan-African terrestrial fibre network, stretching from Cape Town, South Africa, to Cairo, Egypt.