Showing posts with label Telecom Egypt. Show all posts
Showing posts with label Telecom Egypt. Show all posts

Sunday, May 12, 2019

Telecom Egypt signs PEACE subsea cable

Telecom Egypt entered agreements enabling the Pakistan & East Africa Connecting Europe (PEACE) subsea cable system to cross Egypt through new diversified terrestrial routes between the Zafarana and Abou Talat cable landing stations, where Telecom Egypt will provide PEACE with brand new state of the art landing facilities. The total value of the agreement amounts to US$45 million over the lifetime of the cable. 

In addition,  PEACE will be granted an additional fiber pair to its redundant cross Egypt routes to accommodate PEACE extensive demand to Europe with a total value of US$20 million. China-based HENGTONG OPTIC-ELECTRIC, which is a backer of PEACE, has also agreed to provide Telecom Egypt with fiber optic cables of different cores based on competitive pricing. This cabling will be used in Telecom Egypt's strategic plans for fiber deployment inside Egypt.

PEACE is a 12,000 km long cable system with landings in Pakistan, Djibouti, Egypt, Kenya and France.

Adel Hamed, Telecom Egypt’s Managing Director and Chief Executive Officer said: “I am very pleased with the signing of the landing party and crossing agreement as this marks the addition of another cable system to Telecom Egypt’s huge network of submarine cables crossing Egypt exhibiting clearly that Egypt is the ideal digital route and partner of choice for international traffic from the East to the West. Telecom Egypt boasts several differentiation factors in the submarine cable industry that will enable it to realize its vision to become a regional and African digital hub for content providers. These include Egypt’s premium geographic location and the company’s efforts in continuously modernizing and expanding its international network through the addition of new landing stations and the establishment of highly reliable diversified crossing routes.”

Liquid Telecom to invest US$400 million in deal with Telecom Egypt


Liquid Telecom will invest 8 billion Egyptian Pounds (US$400 million) in Egypt over the next three years as part of its partnership with Telecom Egypt on network infrastructure and data centres. Specifically, Liquid Telecom will make an initial investment of US$50 million in data centres and cloud services. Liquid Telecom plans to invest an additional US$350 million in broadband and financial inclusion initiatives, as well as high capacity data...

Telecom Egypt boosts Delta  DWM backbone to 200G with Nokia


Telecom Egypt has doubled the line capacity of its its Delta Region DWDM backbone network to 200G using Nokia's Photonic Service Engine (PSE) technology and its existing Nokia PSS 1830 switches. Commercial deployment of the new high-speed service started in June and represents the first 200G long distance, single carrier transmission service in Africa. Specifically, Telecom Egypt is upgrading its backbone network using the Nokia 500G DWDM Muxponder,...


Telecom Egypt and Liquid Telecom signed a Memorandum of Understanding (MoU) to complete the first terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt. Under the MoU, Liquid Telecom will link its network from Sudan into Telecom Egypt’s network via a new cross border interconnection – bringing together a 60,000km network that runs from Cape Town, through all the Southern, Central, and Eastern African countries,...

Telecom Egypt obtains US$200 million facilitated by Huawei


The Bank of China and China Export & Credit Insurance Corporation (Sinosure) will provide US$200 million in long-term financing to Telecom Egypt. The financing was facilitated by Huawei. It is intended to finance the roll-out of Telecom Egypt's 4G network and the deployment of transmission and core networks. Mr. Terry Liu, CEO of Huawei Egypt Office said: “Throughout the years Huawei has been successful in building and maintaining a strong...

Telecom Egypt acquires MENA cable for $90 million


Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), will acquire the Middle East and North Africa Submarine Cable (MENA) for a total value of US$90 million from Orascom Telecom Media and Technology Holding S.A.E. Telecom Egypt said the decision to acquire MENA Cable comes in line with its strategy to achieve a short-term return from this investment and to preserve the revenue stream of...

Monday, December 10, 2018

Liquid Telecom to invest US$400 million in deal with Telecom Egypt

Liquid Telecom will invest 8 billion Egyptian Pounds (US$400 million) in Egypt over the next three years as part of its partnership with Telecom Egypt on network infrastructure and data centres.

Specifically, Liquid Telecom will make an initial investment of US$50 million in data centres and cloud services. Liquid Telecom plans to invest an additional US$350 million in broadband and financial inclusion initiatives, as well as high capacity data centres.

Liquid Telecom’s expanding network is almost 70,000km in length and is linked to more than 600 towns and cities in 13 countries across Africa.

The investment was announced at the Africa 2018 Forum. The historical agreement was signed by Ahmed El Beheiry, Managing Director and Chief Executive Officer of Telecom Egypt, and Strive Masiyiwa - Group Executive Chairman of Liquid Telecom’s parent company Econet. It was witnessed by Her Excellency Dr. Sahar Nasr, Egyptian Minister of Investment and International Cooperation and His Excellency, Dr Amr Talaat, The Egyptian Ministry of Communications and Information Technology.

According to the Group Executive Chairman of Liquid Telecom’s parent company Econet, Mr Strive Masiyiwa, the next mission is to complete a link between Cairo and Dakar Senegal through Sudan, Chad, and Nigeria, as well as the rest of West Africa. “We have already crossed Africa from East to West through Sudan and Chad. We are at the Nigerian border and we expect to reach Abuja by the end of January in time for the AU Summit. We want to reach Dakar before President El-Sisi finishes his term,” he said.

Mr Masiyiwa also acknowledged the support of President Kagame, adding: “It would have been impossible to reach this far so quickly without his support. He adopted this initiative as a key project during his tenure and has been highly supportive throughout its development. We know President El-Sisi will help us take it to the next level because he understands the vision of Africa.” Mr Masiyiwa expressed his appreciation for leadership support across the continent. He said the ‘One Africa’ model could encourage other entrepreneurs to build projects in complementary sectors, such as rail and power. “We need to push the linkage of our continental power grids, and also rail and air transportation. Now is the time for bold initiatives to build intra African trade and investment.”



Telecom Egypt + Liquid Telecom link Cairo-to-Cape Town terrestrial fiber

Telecom Egypt and Liquid Telecom signed a Memorandum of Understanding (MoU) to complete the first terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt.

Under the MoU, Liquid Telecom will link its network from Sudan into Telecom Egypt’s network via a new cross border interconnection – bringing together a 60,000km network that runs from Cape Town, through all the Southern, Central, and Eastern African countries, and has now reached the border between Sudan and Egypt.

As part of the strategic partnership, Liquid Telecom and Telecom Egypt will share network infrastructure and explore further areas of collaboration, including joint network services, a peering arrangement and a voice interconnection agreement.

The Cape to Cairo network - often referred to as “the One Africa” broadband network - has been in the making for over ten years and serves some of the largest global companies with some of the fastest network speeds on the continent.

“Completing our vision of building a single network running on land, all the way from Cape to Cairo is a historic moment for the company and for a more connected Africa. This network not only represents a remarkable engineering achievement that has overcome some of the most challenging distances and terrains on the continent, but it is also supporting the rise of Africa’s digital economies,” said Strive Masiyiwa, Founder and Executive Chairman of Econet.

Liquid Telecom acquires South Africa's Neotel

Liquid Telecom, a unit of South Africa–based Econet Global has announced that it has completed the acquisition of South African network operator Neotel for approximately ZAR 6.55 billion (approximately $491 million), further expanding its position as a pan-African telecoms company.

Liquid Telecom acquired Neotel from India's Tata Communications and minority shareholders led by Nexus Connexion. Liquid Telecom joined with 30% equity partner Royal Bafokeng Holdings (RBH), a community-based South African investment group, for the acquisition, which received regulatory approval from the Independent Communications Authority of South Africa (ICASA) in December 2016. South Africa's Competition Commission approved the deal in October.

Established in 2006, Neotel has invested an estimated ZAR 7 billion in its network, deploying national backbone fibre connecting the top 40 cities and towns in South Africa and to over 5,000 businesses. Neotel operates a major, MEF-certified Ethernet network, while Liquid Telecom is a leading provider of Carrier Ethernet services with MEF Carrier Ethernet 2.0 (CE 2.0) services certification.

Neotel also operates redundant backhaul fibre to landing stations with access to all five of the international subsea cables serving South Africa - SAT-3, SAFE, SEACOM, EASSy and WACS. It was noted that Liquid Telecom owns significant international subsea capacity, and is currently building a subsea cable linking the east coast of Africa, Liquid Sea.

Over the coming months, Liquid Telecom stated that it plans to make extensive upgrades and expansions to Neotel's network to enable improved high-speed connectivity and deliver services to more customers across South Africa. Liquid Telecom also plans to invest in Neotel's data centre capabilities, which include two Tier 3 facilities in Johannesburg and Cape Town, adding to its existingEast Africa Data Centre in Nairobi, Kenya.

Monday, August 6, 2018

Bharti Airtel buys capacity on MENA Cable and TE North Cable Systems

Bharti Airtel reached an agreement with Telecom Egypt under which it will acquire IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable (MENA Cable) and TE North Cable Systems.

Specifically, Airtel gets the right to use fiber pairs on MENA Cable from Egypt to India with access to Saudi Arabia and Oman, and other fiber pairs from Egypt towards Italy. It also extends beyond MENA Cable, where Airtel will get the right to use a fiber pair from Egypt to France on TE North along with capacities on SMW5 and AAE1 cable systems. Financial terms were not disclosed.

Ajay Chitkara, Director and CEO – Airtel Business said, “The partnership with Telecom Egypt underlines our commitment to provide world-class service experience to our customers. The partnership including MENA Cable and TE’s network will be a good addition to our global network portfolio and provide us with a high quality and diversified new route to Western Europe and the rest of the world. ”

Ahmed El Beheiry, Chief Executive Officer of Telecom Egypt commented, “Telecom Egypt’s global network was built over the years through investments in consortiums as well as private international submarine cable systems. Our reach and position as an international hub with tens of Tbps lit capacity, makes us the partner of choice for Euro-Asian and Euro-African transit traffic. Telecom Egypt signed the agreement with OTMT to acquire MENA Cable with the aim of capitalizing on the growing traffic from India and Saudi Arabia to Europe and to obtain a new gateway to Europe through Italy. We are pleased to be able to sign the MoU with Airtel as well as to be able to bundle MENA’s assets with existing assets of the TE network. We aim to come back to the market with more details on the MoU and its financial impact once the deal is closed.”


Telecom Egypt acquires MENA cable for $90 million

Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), will acquire the Middle East and North Africa Submarine Cable (MENA) for a total value of US$90 million from Orascom Telecom Media and Technology Holding S.A.E.

Telecom Egypt said the decision to acquire MENA Cable comes in line with its strategy to achieve a short-term return from this investment and to preserve the revenue stream of the submarine cable systems.

MENA Cable is licensed in Egypt and Italy to operate a submarine telecommunications system connecting Europe to the Middle East and South East Asia.

"The decision to acquire MENA Cable is one of the most important steps towards implementing the company’s strategic plan to ensure the sustainability of submarine cable revenues and reinforce the contribution of the USD revenue stream. The new cable will add to Telecom Egypt’s network of submarine cables fortifying TE’s network offering to the maximum number of routes between India and Europe as well as add a new gateway to Europe through Italy," stated Ahmed El Beheiry, Managing Director and Chief Executive Officer.

Monday, July 16, 2018

Telecom Egypt + Liquid Telecom link Cairo-to-Cape Town terrestrial fiber

Telecom Egypt and Liquid Telecom signed a Memorandum of Understanding (MoU) to complete the first terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt.

Under the MoU, Liquid Telecom will link its network from Sudan into Telecom Egypt’s network via a new cross border interconnection – bringing together a 60,000km network that runs from Cape Town, through all the Southern, Central, and Eastern African countries, and has now reached the border between Sudan and Egypt.

As part of the strategic partnership, Liquid Telecom and Telecom Egypt will share network infrastructure and explore further areas of collaboration, including joint network services, a peering arrangement and a voice interconnection agreement.

The Cape to Cairo network - often referred to as “the One Africa” broadband network - has been in the making for over ten years and serves some of the largest global companies with some of the fastest network speeds on the continent.

“Completing our vision of building a single network running on land, all the way from Cape to Cairo is a historic moment for the company and for a more connected Africa. This network not only represents a remarkable engineering achievement that has overcome some of the most challenging distances and terrains on the continent, but it is also supporting the rise of Africa’s digital economies,” said Strive Masiyiwa, Founder and Executive Chairman of Econet.

“This MoU is a great step in our strategy to penetrate the African market and avail Telecom Egypt’s most advanced technology and global infrastructure services to customers across Africa. We look forward to working alongside Liquid Telecom to develop new network services and products that will help stimulate intra-regional trade,” said Ahmed El Beheiry, Telecom Egypt’s Managing Director and Chief Executive Officer.

Sunday, June 3, 2018

Telecom Egypt obtains US$200 million in financing facilitated by Huawei

The Bank of China and China Export & Credit Insurance Corporation (Sinosure) will provide US$200 million in long-term financing to Telecom Egypt.

The financing was facilitated by Huawei. It is intended to finance the roll-out of Telecom Egypt's 4G network and the deployment of transmission and core networks.

Mr. Terry Liu, CEO of Huawei Egypt Office said: “Throughout the years Huawei has been successful in building and maintaining a strong partnership with Telecom Egypt. Today, we are taking another step towards strengthening this partnership and supporting Telecom Egypt in their strategy to expand by facilitating the financing agreement.”

Mr. Peng Song, Huawei North Africa President added: “Providing such financing facilities enables us to capitalize on the potential of growth in the Egyptian market. It is part of our strategy to support our customers and act as their partners in success.”

Eng. Ahmed El Beheiry, Managing Director and CEO of Telecom Egypt added:

“Telecom Egypt has several strategic long-term expansion plans to be delivered in the coming years. To achieve such plans we have worked on attaining long-term financing at the lowest possible cost as well as the most convenient payment terms to match our cash flow generation while proceeding with our rollout plans. Our success in securing such financing agreement with the Chinese financial institutions and Huawei indicates our strong financial position and credit profile and marks the first of its kind in the telecom sector. The facility benefits Telecom Egypt by providing a simplified purchasing process through a packaged financial solution, while it allows Huawei to further expand its business in Egypt.”

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