Telecom Egypt and Orange Egypt Seal Landmark EGP 15B Deal

Telecom Egypt has announced it has signed several landmark service agreements with Orange Egypt, aimed at enhancing strategic cooperation between the two companies. These agreements will enable Orange Egypt to enhance its technological services and better meet the needs of its customers. This collaboration highlights the rise in technological investments in the Egyptian market, the priority placed on strengthening digital infrastructure, and the continued expansion of advanced service offerings.

The agreements were signed by Mohamed Nasr, Managing Director and CEO of Telecom Egypt, and Yasser Shaker, Managing Director and CEO of Orange Egypt, in the presence of H.E. Dr. Amr Talaat, Minister of Communications and Information Technology, and Mohamed Shamroukh, CEO of the National Telecom Regulatory Authority (NTRA).

These agreements have a total combined value of approximately EGP 15 billion, which will be disbursed over their duration. They also include an extension of transmission services for an additional three years, lasting until 2032. Additionally, they include a new contract to provide fiber-to-the-site (FTTS) services to Orange’s mobile sites over a three-year period.

The two companies also signed a Service Level Agreement (SLA) aimed at strengthening Orange’s position as a leading provider of high-speed mobile internet and telecommunications services. These agreements will also support Orange Egypt’s preparations for the rollout of its 5G services. Additionally, the agreements include amendments to the existing fixed internet services agreement, which focus on improving the cost-efficiency of services in the telecommunications market. This will enable Orange Egypt to offer customers better deals and pricing through more efficient commercial models, allowing the delivery of higher-tier packages to end-users at more competitive rates.