Telecom Egypt Company (WE) announced that it has signed an agreement with Vodafone Egypt.
WE clarified that this agreement is to provide transmission and infrastructure services, adding that the agreement will take effect from January 2018 for three years ending in 2021.
The agreement guarantees minimum revenue of LE 2.37 billion for Telecom Egypt over the tenure of the agreement, while Vodafone will benefit from new technical and commercial terms, according to the release.
Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services.
Aside from its mobile operation "WE", the company owns a 45 percent stake in Vodafone Egypt.
Vodafone operates within the telecommunication services sector focusing on wireless telecommunication services. It has two subsidiaries operating across Egypt, working on internet software & services.