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Telecom Egypt, Sudatel Telecom sign MoU to enhance international connectivity

Telecom Egypt, Sudatel Telecom sign MoU to enhance international connectivity

ArabFinance: Telecom Egypt (ETEL) signed a memorandum of understanding (MoU) with Sudatel Telecom Group to enhance cooperation in the international connectivity between Egypt and Sudan, according to Al Mal news.

Under the MoU, the companies aim to utilize the network between the two countries and link the landing station of Sudatel in Port Sudan and Telecom Egypt’s landing stations and submarine cables in the Red Sea.

The telecom provider achieved a consolidated net profit of EGP 4.58 billion in 2020, compared to EGP 4.39 billion in 2019.

Telecom Egypt is an Egypt-based joint-stock company, which is engaged in the provision of public communications and associated products and services.

The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.

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