Telecom Egypt announced concluding a cooperation agreement with Al-Futtaim’s Real Estate Group to supply the latter’s project, “Cairo Festival City”, with telecommunications, data transfer and “Triple Play” services, using advanced fiber optics technology. “Telecom Egypt seeks to meet its clients’ needs in high-tech services at competitive prices,” said Mohamed El Nawawy, the company’s managing director and executive officer.
El Nawawy mentioned that the use of fiber optic technology allows the company to provide the highest quality voice services and enables clients to access the highest internet speeds, which reach 10GB/s.
He stated that this agreement will help achieve the company policy of making it a leader in the telecommunications market by being a main sponsor of the industry in Egypt, 80% of which is publicly owned.
Tamer Gad Allah, head of the business operations unit at Telecom Egypt, stated that this agreement would provide different packages of telecommunication services for the “Cairo Festival City” project. This would include a virtual private network (VPN), Dedicated Internet and Triple Play, video and high quality telecommunications, interactive advertisements and the latest monitoring technologies for security purposes.
On the other side, Managing Director of Al-Futtaim’s Real Estate Development Dr Mohamed Al-Mekawy stated that the agreement reached with Telecom Egypt was based “on a careful market study to determine the largest and most efficient service providers, not only in Egypt, but on a regional level”. This comes especially when clients now have higher needs and expectations from telecommunications services.
Al-Mekawy said that Telecom Egypt would perform all the management and operational work on a daily basis. The project involves 300 retail shops, elegant administrative offices and a residential community comprising a large number of apartments and villas, worldwide hotels and international schools, all within a natural environment, presenting “a new concept of elegant lifestyle”.
Translated from AlBorsa Newspaper