
HONG KONG – China Mobile (NYSE:) International (CMI), a subsidiary of China Mobile, and Telecom (BCBA:) Egypt has entered into a strategic commercial agreement to enhance its subsea cable infrastructure and digital service offerings, the companies announced today. The partnership, signed by CMI’s Chairman and CEO Wang Hua and Telecom Egypt’s Managing Director and CEO Mohamed Nasr, aims to meet the growing data needs of global businesses and consumers.
The agreement focuses on international infrastructure, which aims to expand the global reach of the two companies and provide high-quality, seamless connection services. By combining resources from the two companies’ cable systems, the partnership is expected to improve network diversity and stability, offering more reliable connectivity options.
In addition to infrastructure development, the collaboration will explore Digital, Information, Communication, and Technology (DICT) solutions to promote better services for businesses. The goal is to empower businesses with scalable digital transformation tools and strengthen the companies’ leadership in the business services market.
The strategic partnership between CMI, which operates the world’s largest network, and Telecom Egypt, a major subsea cables operator in the region, reflects a shared commitment to developing a robust network infrastructure worldwide. . The collaboration is also set to accelerate the development of the digital economy and create economic and social benefits.
This announcement is based on a press release statement, indicating that CMI and Telecom Egypt will use their resources and expertise to improve services for global businesses and consumers.
CMI was founded in December 2010 and has since expanded its presence to 39 countries and regions, providing international services and information solutions. Telecom Egypt, with a history of almost 170 years, continues to lead the Egyptian telecom market, offering a wide range of services and holding a significant stake in Vodafone (NASDAQ:) Egypt.
The partnership marks an important step in the companies’ efforts to meet global demand for data and digital services, positioning them to better serve their respective customer bases and contribute to the growth of the digital economy.
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