Telecom Egypt and China Mobile International (CMI) have announced a strategic commercial agreement that was signed by Mr Mohamed Nasr, the managing director and CEO of Telecom Egypt, and Mr Wang Hua, the chairman and CEO of CMI.
The historic business deal which was revealed by Telecom Egypt on Tuesday, leverages both companies’ investments in resource sharing and subsea cable infrastructure to meet the rapidly expanding data demands of consumers and businesses throughout the globe.
Additionally, this alliance offers a range of cutting-edge, enterprise-level digital and business services designed to satisfy the ever-changing demands of businesses particularly in Egypt and generally across the region.
Read also: Airtel offers free 5G router, one-month subscriptions to Haier Smart TV customers in Tanzania
The relationship between CMI, a wholly owned subsidiary of China Mobile, which is well-known for running the largest network in the world, catering to the largest customer base, and dominating in terms of profitability, brand value, and market rankings, and Telecom Egypt, Egypt’s entire telecom services provider and one of the biggest subsea cable operators in the area, has strengthened with this strategic agreement.
Expansion of Telecom Egypt, CMI global reach
The worldwide infrastructure commercial agreement, a crucial component of this collaboration, focuses on extending both businesses’ global reach and reaffirming their shared dedication to providing reliable, high-quality services in a world growing more interconnected by the day.
Through the inclusion of new routes across various cable system segments, this deal improves the resilience and variety of both firms’ networks and offers more dependable connection services.
This collaboration highlights their commitment to building strong network infrastructure globally and cost-effectively generates additional value.
Read also: Airtel Africa commences second share buyback program, aims to return $100 million to shareholders
Furthermore, both organisations will investigate customised DICT (Digital, Information, Communication, and Technology) solutions to advance smart services for enterprises by fusing Telecom Egypt’s extensive market expertise, robust nationwide infrastructure, and wide regional reach with CMI’s cutting-edge digital solutions.
The goal is to equip businesses with scalable solutions that drive digital transformation and solidify their positions as market leaders in enterprise services.
To improve services for consumers and businesses worldwide and hasten the growth of the digital economy, CMI and Telecom Egypt will keep using their resources and experience, generating more societal value and financial gains.