Telecom Egypt secures $369m loan facility

Mada will be handling all International Application-to-Person messaging services, including but not limited to two-factor authentication and automated notifications.

The two companies have signed a partnership to introduce 5G in key Egyptian cities.

The multi-million dollar infrastructure deal was this week signed on the second day of the Egypt-EU Investment Conference launched by the president of Egypt El Sisi and EU president Ursula Von Der Leyen.

The undersea system landed in Egypt at two cable landing stations: Zafarana2 in the Red Sea and Sidi Kerir on the Mediterranean, connecting two seas and continents.

The loan from UAE’s Banque Misr will be used by Telecom Egypt to drive its refinancing strategy.

The new installation is housed in Telecom Egypt's Regional Data Hub, the company's largest international, Tier III data centre.

WeConnect's open and neutral design allows clients to mix and match connectivity between subsea cable systems in the Mediterranean Sea and the Red Sea.

The company says it is the first undersea cable to land in the country's north, and a data facility has also opened in the same city.

Telcos pen deal to bolster mobile services provision in the country.

Telecom Egypt and AMS-IX announce that the EG-IX is now available to customers.

Operator intends to expand 4G broadband network, enhance competition and make services more affordable.