Telecom Egypt and Etisalat Misr have signed a memorandum of understanding (MoU) to provide Etisalat with virtual fixed voice services.
The agreement is claimed to be a first for the Egyptian market.
In a release, the companies hailed the MoU as a “major step” towards enhancing cooperation, enriching the Egyptian market with diversified offers and services.
Etisalat Misr will benefit from the MoU by providing its customers with fixed voice services, while Telecom Egypt will enhance its revenues generated from the domestic wholesale business supported by the increase in Etisalat Misr’s customer base.
Ahmed El Beheiry, CEO and managing director of Telecom Egypt, said: “We are proud to have signed this MoU with Etisalat Misr, which reflects the real opportunities in the Egyptian telecom market and strengthens our strategic partnership and mutual commercial cooperation. Telecom Egypt began to reap the benefits of the major investments in developing its infrastructure and increasing its network coverage within Egypt. Such investments continue to have a positive impact on the quality of services that we provide to our customers and confirms our keenness to provide the best to the Egyptian market.”
Hazem Metwally, CEO of Etisalat Misr, had more to say. “We are pleased to have signed the MoU with Telecom Egypt, which is a true addition to both companies and fosters our mutually beneficial cooperation,” he commented. “As a result of this agreement, Etisalat Misr will become a total telecom operator offering both voice and data services to its mobile and fixed customers. This will allow us to serve all our customers’ needs through one operator and provide the highest quality possible given Etisalat Misr’s advanced network and latest technology.”