Telecom Egypt and 4iG partner on Egyptian fiber network

Telecom Egypt and Hungarian telco 4iG have signed a Memorandum of Understanding (MoU) to establish the joint venture and build a fiber network to serve a minimum of six million households on a wholesale basis.

“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,” said Mohamed Nasr, managing director and CEO at Telecom Egypt.

Gellért Jászai, chairman of 4iG Group, said: “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.”