- Telecom Egypt and Tejas Networks, an Indian optical, broadband, and data networking products company, have signed a memorandum of understanding to strengthen telecom R&D, facility manufacturing, and skill development in Egypt.
- Tejas Networks will use its experience implementing the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt.
- With this partnership, Tejas Network will also establish technical support services in Egypt to assist customers within the country and across the broader Africa and Middle East region.
According to Amr Talaat, Minister of Communications and Information Technology of Egypt, this partnership will promote “localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.”
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks, also expressed the company's commitment to supporting Egypt's local ecosystem in telecom manufacturing, research and development, network planning, installation, and maintenance.
This move comes a month after Telecom Egypt became the country's first mobile operator to receive a 5G licence. The National Telecommunications Regulatory Authority (NTRA) granted the telco a 15-year, $150 million licence to operate 5G in January 2024.
Telecom Egypt has worked overtime to improve its network infrastructure and technical capabilities. In February 2024, the mobile operator partnered with 4iG, a Hungarian IT solutions provider, to build an express subsea cable connecting Albania to Egypt.
When completed, it will provide a high-capacity connection from Africa and Asia to Europe via Egypt, the Mediterranean, and Albania.
In the same month, Telecom Egypt, Telin, and e& Carrier & Wholesale Services collaborated to establish a consortium for developing the ICE IV Project. This project involves creating a subsea cable system linking the Intra Asia region to India and the Middle East.
Per a report by Mordor Intelligence, Egypt's Telecom Market revenue is expected to register a CAGR of 3.65% over the next five years.
