Telecom Egypt (TE) and Etisalat Misr have signed two agreements for mobile and fixed telecommunications interconnection, according to a TE press release.
The agreements determine how much it costs to transfer calls between fixed-line and mobile networks as well as allow Etisalat Misr to use the telecommunications infrastructure of TE.
TE said that the first agreement represents an improvement of the interconnection regulation provided by the company.
Under the agreement, Etisalat Misr will, for the first time, sign a long-term agreement with TE that includes an annual commitment to use the latter’s telecommunications infrastructure. The agreement will enable Etisalat Misr to continue providing mobile telecommunications services to its local market customers.
The company said that this agreement will extend for three and a half years, with a total value of EGP 2bn.
The interconnection agreement is the first of its kind between the two companies, and the second by TE in the Egyptian market.
In the statement, Adel Hamed, Managing Director and CEO at TE, expressed his satisfaction with the agreement. He added that his company has made significant and successful investments in its infrastructure, to cope with the large, ongoing increase in Egypt’s data usage rates.
He also said that the agreement takes advantage of the company’s infrastructure investments, which serve all companies operating in the Egyptian market.
Hazem Metwally, CEO of Etisalat Misr, noted that the latest development ensures his company’s continued willingness to keep pace with current global events
In the next stage, such agreements will be reflected in the services, offers, and products that the company provides to its customers for the first time in the Egyptian market.