Last Update 10:38
Monday, 21 October 2019

Telecom Egypt, Liquid Telecom sign data centre, infrastructure deal

Reuters , Saturday 8 Dec 2018
Telecom Egypt
Telecom Egypt (Photo: Reuters)
Share/Bookmark
Views: 2544
Share/Bookmark
Views: 2544

Pan-African Liquid Telecom will be able to invest in Egyptian telecoms under an outline deal signed with Telecom Egypt, the country’s investment ministry said on Saturday.

Liquid Telecom, a subsidiary of Econet Wireless Global, will invest $400 million on data centres, infrastructure and financial inclusion, the ministry said in a statement.

The agreement includes a partnership between Telecom Egypt and Africa Data Centres, a subsidiary of Liquid, to build and operate new data centres across Egypt.

“The partnership is expected to add new data centre capacities to meet the increasing growth of the Egyptian ICT sector,” the statement said.

A data centre planned to be built in Cairo will be connected to facilities in other countries to form the “largest network of telecommunication centres in Africa,” the statement said.

“Expanding the Africa Data Centres brand into North Africa for the first time signifies our intention to be a truly pan-African data centre provider,” Liquid CEO Nic Rudnick said in the statement.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.