Telecom Egypt has announced the renewal of its long-term agreement with Vodafone Egypt, to provide international call conveyance services. The agreement, which took effect from September, extends to year-end 2022. It is expected to represent a total value for Telecom Egypt of approximately EGP 12 billion throughout the agreement term.
The renewed agreement extends the terms of the bilateral commercial commitments between the companies for more than five years, to ensure Telecom Egypt's leadership position in the international calls conveyance services to and from the Egyptian market.
The renewal of the agreement's conditions will come to serve the interests of Telecom Egypt and Vodafone Egypt, as it includes mechanisms to cope with current market dynamics and to enable both parties to cooperate in fighting international fraudulent traffic activities and limit illegal bypass routes for international calls, while maximising returns on Telecom Egypt’s international gateway.