Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), has executed a Sale and Purchase Agreement with Orascom Telecom Media and Technology Holding S.A.E (OTMT) for the purchase of OTMT's shareholding of its subsidiary Middle East and North Africa Submarine Cable for a total value of USD 90 million. The transaction aims to be concluded in 60 days, after the fulfillment of all conditions precedents.

Read more: Egyptian operator expands its submarine cables network

Today we are witnessing colossal advancements across all technologies with 5G to be a game changer as it aims to bring in evolution that would elevate services, performance and enablement revolutionising verticals like transport, energy, smart cities, security/surveillance, health opined Khalifa Al Shamsi, Chief Strategy & Governance Officer, Etisalat Group at the 1st ICT Future Foresight Forum held today.

Read more: UAE operator is redefining the future with 5G

du, from Emirates Integrated Telecommunications Company (EITC), continues to provide innovative digitalized services that create secure e-commerce environments for its customers. du's payment channels comprising of du stores, Payment Gateway, IVR, voice calls, du mobile app,, WiFi UAE, du Dealer Sales Portal are now Payment Card Industry Data Security Standard (PCI-DDS) accredited, which is an endorsement of the security of transactions and customer data.

Read more: UAE operator achieves regional first with transaction solution

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