Wed, 14 Apr 2021 - 02:33 GMT
Telecom Egypt permises - Creative Commons via Wikimedia
CAIRO – 14 April 2021: Telecom Egypt and the Sudatel Telecom Group signed a memorandum of understanding (MoU) to enhance cooperation in the field of international connectivity between Egypt and Sudan.
The MoU aims to achieve optimal utilization of the terrestrial network that connects the two countries and develop it with the latest technologies to support the transportation of international traffic, as well as linking the Sudatel landing station in Port Sudan and the Egyptian communications landing stations in the Red Sea and the submarine cables in it, according to a statement issued Wednesday.
The statement added that the agreement was signed via video conference, by Adel Hamed, Managing Director and CEO of Telecom Egypt, and Magdy Taha, CEO and General Manager of Sudatel Telecom Group.
According to the statement, this comes within the framework of Telecom Egypt’s endeavor to develop projects with Sudatel Group and the continuous development of the infrastructure between the two countries in a way that serves the customers of the two companies, confirming Telecom Egypt’s strategy to link with neighboring countries, and the rest of African countries to enable them to develop their services to achieve a comprehensive digital transformation on the African continent.
This step comes in conjunction with the HARP submarine cable system launched by Telecom Egypt, which will connect the entire African continent with Egypt and Europe.
Telecom Egypt recorded a net profit of LE 4.9 billion during 2020, marking an increase of 10 percent on a year- on year basis (YoY).
The company added that its consolidated revenue reached LE 31.9 billion during 2020, with an annual increase of 24 percent.
Telecom Egypt operates within the telecommunication services sector, focusing on integrated telecommunication services. It has subsidiaries operating across British Islands, Western Europe, Northern Africa and Middle East.