Telecom Egypt has embarked on a substantial $600 million venture with Hungary’s 4iG Group to improve North Africa’s digital landscape. In their memorandum of understanding, Egypt’s leading telecom operator and the Hungarian telecoms powerhouse have committed to a joint venture. Mohamed Nasr, CEO of Telecom Egypt, hailed the deal as a transformative step toward catapulting Egypt’s digital evolution, envisioning unparalleled connectivity and future-proof performance for generations. “Partnering with 4iG Group, we anticipate this initiative will reinforce our status as a premier ICT provider in Egypt,” Nasr remarked. Gellért, Chairman of 4iG Group, echoed Nasr’s enthusiasm, framing the collaboration as pivotal to showcasing Hungary’s telecom prowess on a global stage.

Source: The North Africa Journal July 04, 2024 17:21 UTC