REG - Telecom Egypt S.A.E - TE signs new national roaming agreement

Telecom Egypt Co SAEAnnouncement

09/08/2022 07:00

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RNS Number : 3236V  Telecom Egypt S.A.E  08 August 2022

Telecom Egypt signs a national roaming agreement with Orange Egypt

 

Cairo, August 8, 2022: Telecom Egypt today announced the signature of a
commercial agreement with Orange Egypt for national roaming services. The
five-year agreement, which extends until the end of 2027, will ensure that
Telecom Egypt continues to provide high-quality voice and data mobile network
coverage to its customers nation-wide.

This deal comes in light of Orange Egypt winning the tender for national
roaming services that Telecom Egypt issued to all mobile network operators due
to the impending expiration of the current agreement. Orange Egypt submitted
the best technical and financial offer in terms of value and return. This new
agreement provides a number of competitive, technical, and commercial
advantages that will boost the development of Telecom Egypt's services and
enhance its position in the Egyptian mobile market. It's worth noting that the
current agreement, which ends in December 2022, enabled Telecom Egypt to
introduce its mobile services for the first time in 2017.

Furthermore, the agreement represents a significant milestone in the strategic
relations between the two companies as it is the most advanced agreement-to
date-due to the exceptional business model and extensive operational standards
included in the service-level agreement. It also fulfills Telecom Egypt's
continuous efforts to provide high-quality mobile services and confirms Orange
Egypt's constant keenness to harness the latest technological capabilities to
provide such services.

Adel Hamed, Telecom Egypt's Managing Director and CEO, commented:

"This step confirms the depth of the strategic relationship between Telecom
Egypt and Orange Egypt, and both companies' keenness to develop the telecom
services in the Egyptian market. The new milestone will cement our position as
a strong contender in the mobile market through the technical, commercial, and
financial benefits-in particular, financial savings for our mobile call costs
starting in 2023, which will improve the business line and consequently the
overall margin-in line with our growing customer base. Concurrently, Telecom
Egypt is committed to expanding its mobile network coverage by rolling out its
mobile sites all over Egypt to provide superior telecommunication services to
its customers."

 

Yasser Shaker, Orange Egypt's CEO and Managing Director, commented:

"We are pleased with signing this new agreement, which enhances the strategic
cooperation between both companies and supports our strategies to provide the
latest ICT services in the Egyptian market.  Orange Egypt is keen on driving
up investments to develop and modernize its networks in line with the latest
global technologies to meet progressive customer needs."

 

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About Telecom Egypt

Telecom Egypt is the first integrated telecom operator in Egypt providing all
telecom services to its customers including fixed and mobile voice and data
services. Telecom Egypt has a long history serving Egyptian customers for over
160 years maintaining a leadership position in the Egyptian telecom market by
offering its enterprise and consumer customers the most advanced technology,
reliable infrastructure solutions and the widest network of submarine
cables.  Aside from its mobile operation "WE", the company owns a 45% stake
in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN)
are traded on The Egyptian Exchange and the London Stock Exchange. Please
refer to Telecom Egypt's full financial disclosure on ir.te.eg
(http://ir.te.eg/en/)

 

For more information, contact:

The investor relations team: investor.relations@te.eg
(mailto:investor.relations@te.eg)

 

About Orange

Orange is one of the world's leading telecommunications operators with sales
of 42.5 billion euros in 2021 and 140,000 employees worldwide at 31 December
2021, including 78,000 employees in France. The Group has a total customer
base of 271 million customers worldwide at 31 December 2021, including 224
million mobile customers and 23 million fixed broadband customers. The Group
is present in 26 countries. Orange is also a leading provider of global IT and
telecommunication services to multinational companies, under the brand Orange
Business Services. In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental accountability, aims
to reinvent its operator model. While accelerating in growth areas and placing
data and AI at the heart of its innovation model, the Group will be an
attractive and responsible employer, adapted to emerging professions.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock
Exchange (symbol ORAN).

For more information on the internet and on your mobile:www.orange.com
(http://www.orange.com/en/) , www.orange-business.com
(http://www.orange-business.com/en) , or to follow us on
Twitter: @orangegrouppr (https://twitter.com/orangegrouppr) .

 

Orange and any other Orange product or service names included in this material
are trademarks of Orange or Orange Brand Services Limited.

 

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