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Telecom Egypt, ACUD agree to build & operate telecom and smart services network

Telecom Egypt, ACUD agree to build & operate telecom and smart services network

ArabFinance: Telecom Egypt and the Administrative Capital for Urban Development (ACUD) signed an agreement today to build and operate a telecom networks in the new administrative capital as well as to provide smart and security services networks.

The agreement was signed by Major General Mohamed Abdel Latif, the General Manager of the ACUD, and Adel Hamed, the Chief Executive Officer of Telecom Egypt in the presence of Dr. Moustafa Madbouly, the Prime Minister of Egypt, Dr. Amr Talaat, the Minister of Communications and Information Technology and Major General Ahmed Zaki Abdeen, the Chairman of the ACUD.

Under this agreement, Telecom Egypt will establish, operate, lease, manage and maintain the telecom network of the new administrative capital, in addition to deploy smart services and security systems. Telecom Egypt will provide the telecom infrastructure within the new capital and will connect it to the company’s network. The company will also provide high quality wholesale services to other mobile network operators.

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