Saudi Arabia’s Mobily and Telecom Egypt are collaborating on a submarine cable project across the Red Sea, enhancing VoIP connectivity between Saudi Arabia and Egypt. This initiative addresses increasing internet service demand and aligns with Saudi Vision 2030.
Egypt has finally embraced 5G technology, as Vodafone, E&, and Orange secure their licenses, marking a pivotal moment in its telecom landscape. With a $675 million investment for 15-year 5G licenses, Egypt aims to enhance communication capabilities.
Telecom Egypt is on the verge of launching the nation’s first 5G services after signing a groundbreaking agreement with Nokia. This collaboration includes the deployment of advanced 5G RAN equipment in major cities like Cairo and Alexandria. Telecom Egypt, the sole 5G spectrum license holder, underscores their commitment to cutting-edge digital services.
In a significant step towards enhancing global digital infrastructure, Telecom Egypt and Hungary’s 4iG have officially agreed to collaborate on constructing a pioneering subsea cable directly linking Albania and Egypt. This groundbreaking initiative, originally outlined in a Memorandum of Understanding last October, marks the first time such a direct connection will be established between the two nations.
Vodafone Group, a British multinational telecommunications company, and the Saudi Arabia-based telecommunications provider Saudi Telecom Company (STC) are continuing discussion over a 55% stake sale of Vodafone shares in its Egyptian business, despite the expiry of the initial offer deadline last week. The two parties agreed in separate statements on a “misalignment” on Vodafone’s side in preparation for a $2.4 billion transaction of its Egyptian stake. STC said that the non-binding memorandum of understanding (MoU) to acquire the stake had ended without an agreement, but negotiations with Vodafone would continue. Furthermore, the British telecom company commented: “Vodafone now looks to STC and Telecom Egypt to find a suitable agreement to enable the transaction to close.” The MoU was announced in January of this year when STC offered $2.4 billion for the major part of a stake in Vodafone Egypt, which was expected to close at the end of…
