Ericsson signs ENGINE agreement to modernize Egypt's national telecommunications network

February 25, 2002

1 Min Read

STOCKHOLM -- The agreement between Telecom Egypt and Ericsson is the basis of a long- term strategic partnership, valued to about EUR 200 million over the coming five years. It supports Telecom Egypt in the ongoing implementation of its ambitious plans to expand and modernize the National Telecommunication Infrastructure in order to meet the growing demands for communication and information services by the community.

In addition to access expansion, an important element of the frame agreement is to accelerate the migration of the core backbone network from a circuit-switched to an open layered packet-based mega network.

Competence development and transfer of knowledge form a vital cornerstone in the agreement in order to support Telecom Egypt in achieving its goals to stay competitive in the dynamic and open telecommunications marketplace in Egypt.

"Ericsson has proven to be a trusted partner and we believe with their leadership in the field of Communication and Information technology they will be a suitable partner supporting us achieving our objectives when facing the highly competitive market place," says Eng. Akil Beshir, Chairman, Telecom Egypt.

"Egypt has proven to be one of the fast growing markets in the important and prosperous region of Middle East and Africa," said Mats Granryd, President of Ericsson Egypt Ltd. "Ericsson is proud to be selected as strategic partner to Telecom Egypt and actively contribute to the development of the Communication and Information services in Egypt."

Ericsson AB

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