Africa News Telecom Egypt signs technology agreements with PEACE, PCCW Global...

Telecom Egypt signs technology agreements with PEACE, PCCW Global and Huawei

-

- Advertisment -

(Ecofin Agency) – On April 27, 2019, Telecom Egypt (TE) signed three technology agreements with Chinese firms  PEACE Cable International Network Co. Ltd, PCCW Global and Huawei. These agreements were signed during the digital economy initiative of the second Belt and Road forum held in Beijing, on 25-27 April 2019. 

The first agreement signed by Adel Hamed, CEO of TE,  with PEACE Cable International Network Co. Ltd and PCCW Global was for transit.  In the framework of that agreement, Pakistan and East Africa Connecting Europe (PEACE) cable network will be deployed by PCCW Global. The cable will go through Egypt at different points connecting the landing station of Zaafarana in Abu Talat where TE will provide cutting edge landing equipment. The total value of this agreement is estimated at $45 million for the life of this cable.

The second agreement between TE, PEACE and its head office Hengtong Optic Electric is also for transit. In its framework, TE will provide another transit route to meet the growing need in Europe. The financial value of this agreement is $20 million. Hengtong will also supply optical fiber cables to TE at competitive prices. These cables will be used to implement TE’s strategic plan which is to cover the whole country with optical fiber cables.

The third agreement was signed with Huawei for cooperation in advanced mobile network. The goal is to upgrade and develop the networks and services provided to TE’s clients. The two partners plan many technical experiments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

AFRIQUE DU SUD : Scatec Solar connecte la centrale solaire de Sirius de 86 MWc

Le producteur indépendant d’électricité (IPP) norvégien Scatec Solar et ses partenaires viennent de mettre en service la centrale...

Seven Tides sees 70% jump in Dubai property sales

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides said it has recorded a 70 per cent spike...

DMCC’s super-tall Dubai tower on track for 2022 launch

DMCC – the world’s flagship free zone, Government of Dubai Authority on commodities trade and enterprise, and master developer...

Classement FIFA: Le Sénégal domine toujours l’Afrique

Les lions du Sénégal sont toujours à la tête du classement de l’Afrique....

Petrofac Clinches $40M Deal in UAE

February 20, 2020 UK oilfield services company Petrofac has won a...

Salero, this Month at Kempinski Hotel Mall of the Emirates

Luster and magic welcome you into the breathtaking world of the Kempinski Hotel Mall of the Emirates. This season...

Must read

AFRIQUE DU SUD : Scatec Solar connecte la centrale solaire de Sirius de 86 MWc

Le producteur indépendant d’électricité (IPP) norvégien Scatec Solar...

Seven Tides sees 70% jump in Dubai property sales

UAE-headquartered upscale residential, hospitality and commercial property developer Seven...
- Advertisement -

You might also likeRELATED
Recommended to you