On April 27, 2019, Telecom Egypt (TE) signed three technology agreements with Chinese firms PEACE Cable International Network Co. Ltd, PCCW Global and Huawei. These agreements were signed during the digital economy initiative of the second Belt and Road forum held in Beijing, on 25-27 April 2019.
The first agreement signed by Adel Hamed, CEO of TE, with PEACE Cable International Network Co. Ltd and PCCW Global was for transit. In the framework of that agreement, Pakistan and East Africa Connecting Europe (PEACE) cable network will be deployed by PCCW Global. The cable will go through Egypt at different points connecting the landing station of Zaafarana in Abu Talat where TE will provide cutting edge landing equipment. The total value of this agreement is estimated at $45 million for the life of this cable.
The second agreement between TE, PEACE and its head office Hengtong Optic Electric is also for transit. In its framework, TE will provide another transit route to meet the growing need in Europe. The financial value of this agreement is $20 million. Hengtong will also supply optical fiber cables to TE at competitive prices. These cables will be used to implement TE’s strategic plan which is to cover the whole country with optical fiber cables.
The third agreement was signed with Huawei for cooperation in advanced mobile network. The goal is to upgrade and develop the networks and services provided to TE’s clients. The two partners plan many technical experiments.
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
As cybersecurity asserts itself as a pillar of digital sovereignty in West Africa, technology-free z...
Nigeria’s government launched a partnership to integrate digital literacy into rural primary and secondary schools. The initiative aims to tackle...
• Rwanda cut multidimensional child poverty nearly in half among 5–14-year-olds—from 25.3% to 11.9% between 2016 and 2024.• Free basic education and...
South32 plans to revise its 2026 production forecast for the Mozal aluminium smelter due to unresolved energy supply negotiations. The current...
The world’s renewable energy capacity grew by 582 GW in 2024 but still falls short of the 2030 tripling target. Africa’s renewable capacity...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...