Telecom Egypt Egypt’s first integrated telecom operator, and Juniper Networks, a leader in secure, AI-driven networks, signed a Memorandum of Understanding (MoU) in Cairo further cementing Juniper’s position as a strategic technology provider for Telecom Egypt. This MoU will highlight the companies’ intent to scope the Egyptian business landscape for shared opportunities to provide IP-based, high-performance networking solutions to enterprises. Telecom Egypt will also have the option to become an authorized resale partner of Juniper’s technology solutions in Egypt.
According to Safaricom CEO Bob Collymore, the company along with its largest shareholder Vodacom are set to form a joint venture to buy rights to m-Pesa service from Vodafone Group in a deal worth $13 million.
Nokia is helping Ooredoo Algeria take the first step towards next generation networks and reinforce its technology leadership in the region with the successful deployment of North Africa's first virtualized Mobile Gateway. This is a crucial step for the migration of core network elements to the cloud and paves the way for the transformation of the core network to support next generation mobile network technology. The deployment allows Ooredoo Algeria to meet growing data demand in the region, and provide new and innovative services like Internet of Things (IoT), in addition to enhanced broadband to its subscribers. Once deployed, Ooredoo Algeria's subscribers will be able to enjoy high bandwidth-consuming services, delivering the best possible performance and reliability.
South African telecoms giant MTN has paid more than three-quarters of a record $1.5 billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said.
The Moroccan government has initiated a privatization process by announcing that it will sell its 8% stake in Maroc Telecom and relinquishing its right to vote. The government announced that it will 6% of that stake this month as a block order to local institutional investors such as retirement funds, insurance companies and banks. The remaining 2% stake will be sold on the Casablanca stock exchange, where the company is already listed, said the Ministry of Finance.
Telecom Egypt announced its Q1 2019 results ending 31 March 2019, registering a net profit of EGP 1.6bn. Consolidated revenue came in at EGP 6.1bn, recording +27% Year-on-Year. Retail revenue contributed 57% to the total Year-on-Year growth backed by the rise in data services revenue.
India's debt-laden telecoms giant Bharti Airtel hopes to raise $750 million when it lists its African unit on the London Stock Exchange, the company said.
MTN Group published its quarterly update for the period ended 31 March 2019, registering a 10% year-on-year increase supported by the continued expansion in voice, data and fintech revenue.
Nokia is deploying a cloud-based Subscriber Data Management (SDM) solution that will enable Vodafone Egypt to offer innovative services to its 4G customers.
For the year 2019, the mobile operator Etisalat Misr announces an investment of more than 3 billion Egyptian pounds (167,272,358 US dollars) for the modernization of its telecom network, according to Hazem Metwally’s words, chairman and CEO of the telecom company.