Saturday , 23 March 2019
Breaking News
Telecom Egypt inks EGP 15 bln deals with Mobinil, Vodafone

Telecom Egypt inks EGP 15 bln deals with Mobinil, Vodafone

Telecom Egypt has signed wholesale agreements with mobile carriers Mobinil and Vodafone that are expected to generate in total EGP 15 billion (USD 2 billion) in revenues over the life of the contracts. Both Mobinil and Vodafone Egypt’s international services agreements are valid for four years, while Mobinil has agreed to use TE’s infrastructure for five years and Vodafone for three years. 

The international services include access to TE’s international gateway, which the operators have chosen rather than acquiring their own gateway licences. TE shares 35 percent of the revenue generated from communications over the gateway. For the infrastructure contracts, TE said its wholesale division will generate a minimum of EGP 3 billion in revenues over the duration of the contracts. 

Article Source

Share and Enjoy

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Email
Print