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

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