arrow caller cards chat check extend facebook google-plus headset instagram left-arrow linkedin m3ak map multiplication pause-btn pdf phone play-btn play right-arrow search triangle twitter youtube ar-lang en-lang logo-ar

Press Releases

Telecom Egypt and 4iG Group to partner in modernizing Egypt’s digital infrastructure

01 July 2024
Telecom Egypt, Egypt’s market leading telecom operator, and 4iG Group, the leading telecommunications and IT group in Hungary and the Western Balkans, signed a Memorandum of Understanding (MoU) to establish a joint venture to build, operate and commercialize Fiber-To-The-Home (FTTH) and Fiber-To-The-Site (FTTS) fiber access infrastructure on a wholesale basis in Egypt. The joint investment aims to build a most modern fiber network that provides at minimum around six million households access to a state-of-the-art, high-speed network in the future.

According to the agreement inked in Cairo, the proposed joint venture will have invested approximately USD 600 million to be delivered into Egypt's fiber access infrastructure in the coming 10 years. During the months to come after the signing the MoU, 4iG Group and Telecom Egypt will agree on the business model, exact ownership structure, governance processes and technological details of the joint venture.

Mohamed Nasr, CEO of Telecom Egypt, and Gellért Jászai, Chairman of 4iG Group, signed the MoU in the presence of H.E. Prime Minister Dr. Mostafa Madbouly and H.E. Dr. Amr Talaat, Minister of Communications and Information Technology of Egypt, as well as top officials from both companies. The parties signed the preliminary agreement on the second day of the Egypt-EU Investment Conference inaugurated by the president of Egypt El Sisi as well as the EU president Ursula Von Der Leyen.

This partnership aligns with Telecom Egypt’s plan to transform all areas into FTTH networks under the Ministry of Communications and Information Technology’s “Digital Egypt” strategy, in line with Egypt’s Vision 2030 for a digitally transformed society and a robust digital economy. On the mobile broadband side, connecting Mobile sites with fiber infrastructure will, in turn, empower the mobile networks to satisfy the growing demand for capacity and enable the real deployment of massive 5G rollouts.

Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, commented:

“We are pleased to partner with 4iG Group. Through this agreement, which will capitalize on our respective strengths in the ICT industry, we will accelerate Egypt's digital transformation thanks to the future-ready network that will ramp-up 5G and many other next generation services such as IoT and enterprise networks. We look forward to this endeavor, which will provide unparalleled performance and future-proof connectivity for generations to come, while ensuring that we maintain our position as one of the leading ICT providers in Egypt.”

Gellért Jászai, Chairman of 4iG Group, following the signing ceremony, added:

“This collaboration is another opportunity for 4iG Group to market its expertise internationally in line with its long-term business strategy. We have found the best partner in Telecom Egypt for our ambition, just as we have in the already launched subsea cable project. The combination of the strengths and expertise of the two major companies foresees the success of the Egyptian fiber network development program. It also ensures the application of the latest technologies and innovations, as well as the establishment of high-quality services across the country.”

Telecom Egypt’s efforts and continuous upgrades have bolstered the infrastructure's capacity to accommodate the unparalleled surge in traffic, significantly enhancing Egypt's ongoing digital transformation. In the past six years alone, the country’s internet speeds have increased ten-fold.

On the first day of the conference Mr. Gellert Jászai, Chairman of 4iG, along with a selected group of top leaders from global and European companies and banks, was invited to a private roundtable hosted by the President of Egypt and the President of the EU Commission. During this meeting, the leaders pledged significant investments to support the development of Egypt's economy. Mr. Jászai highlighted 4iG's dedication to enhancing Egypt's digital infrastructure in collaboration with Telecom Egypt. "By aligning our strategic approach with Egypt’s priorities, we believe that improving the digital infrastructure will boost competitiveness and productivity. Through these partnerships, we aim to create jobs, build a skilled workforce that supports local enterprises, and improve the quality of life for Egyptians," Mr. Jászai stated.