Hong Kong – China Mobile (NYSE:) International (CMI), a subsidiary of China Mobile, and communication (BCBA:) The two companies announced today that Egypt has concluded a strategic commercial agreement to enhance submarine cable infrastructure and digital service offerings. The partnership, signed by Wang Hua, Chairman and CEO of CMI, and Mohamed Nasr, Managing Director and CEO of Telecom Egypt, aims to meet the growing demand for data for global companies and consumers.
The agreement focuses on international infrastructure, with the aim of expanding the global reach of both companies and providing high-quality, uninterrupted communication services. By combining resources from both companies’ cable systems, the partnership is expected to improve network diversity and flexibility, providing more reliable connectivity options.
In addition to infrastructure development, the cooperation will explore digital and information communications technology (DICT) solutions to enhance intelligent services for enterprises. The goal is to empower companies with scalable digital transformation tools and enhance companies’ leadership in the enterprise services market.
The strategic partnership between CMI, which operates the world’s largest network, and Telecom Egypt, a major submarine cable operator in the region, reflects a shared commitment to developing a strong network infrastructure around the world. This cooperation is also set to accelerate the development of the digital economy and create economic and societal benefits.
This announcement is based on a press release indicating that both CMI and Telecom Egypt will leverage their resources and expertise to enhance services provided to global businesses and consumers.
CMI was founded in December 2010 and has since expanded its presence to 39 countries and regions, providing international information services and solutions. Telecom Egypt, with a history dating back about 170 years, continues to lead the Egyptian telecom market, offering a wide range of services and owning a significant stake in Vodafone (Nasdaq:) Egypt.
This partnership represents an important step in the two companies’ efforts to meet the global demand for data and digital services, position them to better serve their customer bases and contribute to the growth of the digital economy.
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