Telecom Egypt, Regional LECODTELECOM Company sign MoU on e-connectivity 'from Cape Town to Cairo'

Sara El-Issawy in Abuja, Friday 13 Jul 2018

Telecom Egypt
File Photo: Telecom Egypt is pictured at their headquarters building in Cairo, Egypt, September 20, 2017 (Photo: Reuters)

Telecom Egypt and the Regional LECODTELECOM Company have signed a memorandum of understanding to implement an e-connectivity project from Cape Town to Cairo to enhance the electronic communication network and support technical capabilities, thereby expanding trade and investment opportunities between the countries of the continent.

The signing of the memorandum came on the sidelines of the 25th annual conference of the African Export and Import Bank (Afreximbank) in the Nigerian capital Abuja on Friday, where Amr Kamel, vice president of Afreximbank, confirmed the bank's readiness to finance the project if needed.

“This MoU is a great step in our strategy to penetrate the African market and avail Telecom Egypt’s most advanced technology and global infrastructure services to customers across Africa,” said Ahmed El Beheiry, Telecom Egypt’s managing director and chief executive officer.

“We look forward to working alongside the Regional LECODTELECOM Company to develop new network services and products that will help stimulate intra-regional trade,” he said. 

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