Key takeaways
- Telecom Egypt and EXA Infrastructure announced a partnership on 19 March 2024 to reshape East-to-West traffic flows entering the Mediterranean
- The agreement was signed in Cairo by Mohamed Nasr and Nick Read in the presence of Minister Dr. Amr Talaat
- EXA Infrastructure becomes a one-stop-shop for traffic from the Middle East and Asia into Europe
- EXA will serve as the European and North American-based service provider to access WeConnect, unveiled in September 2023
- The partnership supports the strategy to position Egypt as the main gateway to Asia, Africa, and Europe
Partnership announced in Cairo
19 March 2024 – Today, Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region, and EXA Infrastructure, a leading European fibre backbone and transatlantic subsea cable infrastructure provider, announced their partnership to reshape East-to-West traffic flows entering the Mediterranean, and reinforce Egypt's role as a pivotal hub for global telecommunications. At a signing ceremony, executives from Telecom Egypt and EXA Infrastructure expressed their commitment to launch a new era of cooperation that will see them work more closely together to support digital infrastructure initiatives.
Telecom Egypt Managing Director and Chief Executive Officer, Mohamed Nasr, and EXA Infrastructure Executive Chairman, Nick Read, signed the partnership agreement in Cairo, Egypt, in the presence of H.E. Dr. Amr Talaat, Minister of Communications and Information Technology of Egypt, as well as top officials from both companies.
What the partnership includes
Through this partnership, EXA Infrastructure becomes a one-stop-shop for traffic from the Middle East and Asia into Europe, uniquely combining multi-route solutions, while providing protected capacity solutions from Egypt – via Telecom Egypt’s robust infrastructure and cutting-edge model, ‘WeConnect’ – to hundreds of endpoints in Europe and North America.
What is WeConnect?
In September 2023, Telecom Egypt unveiled ‘WeConnect’, a unique ecosystem offering agile access to Egypt's extensive subsea cable infrastructure. WeConnect enables users to seamlessly navigate connectivity between subsea cable systems in the Mediterranean and the Red Sea, fostering an open and neutral model. As part of the partnership, EXA Infrastructure will serve as the European and North American-based service provider to access WeConnect.
With its extensive, transit international infrastructure, Telecom Egypt plays a pivotal role as the enabler of more than 90% of the international Eurasian traffic, accounting for more than 200Tbps of international traffic across Egypt. The company is actively expanding its international infrastructure by establishing new landing stations on the Mediterranean and Red Sea coasts, which are connected via diverse terrestrial and subsea routes. This partnership is another step in the strategy to position Egypt as the main gateway to Asia, Africa, and Europe, and as an emerging intercontinental interconnection hub.
Telecom Egypt’s infrastructure in numbers
- Enabler of more than 90% of the international Eurasian traffic
- More than 200Tbps of international traffic across Egypt
- New landing stations being established on the Mediterranean and Red Sea coasts
- 19 subsea systems can extend their reach to major PoPs in Europe via WeConnect
What the leaders said
Dr. Amr Talaat, Minister of Communications and Information Technology, commented:
“This agreement is an important milestone in the series of partnerships forged with major international telecommunications service providers to expand the reach of the international digital infrastructure globally, keeping pace with the growing demand for Internet services worldwide and in line with the government's strategy to position Egypt as a global digital corridor for data. The Ministry of Communications and Information Technology is keen to maintain Egypt's distinctive edge in the field of international subsea cables infrastructure, capitalizing on its unparalleled geographical location as a unique hub for submarine cables worldwide.”
Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, commented:
“Today, we are collaborating with EXA Infrastructure enabling our customers to pick their traffic from Egypt to any point of presence (PoP) in Europe via Telecom Egypt’s Mediterranean cable landing stations. Through this strategic partnership, Telecom Egypt avails a unique experience to global networks and dedicates its capabilities to serve the growing demand for international connectivity coming from the Far East and Africa. Using WeConnect ecosystem, 19 subsea systems can easily and seamlessly scale-up and extend their reach to major PoPs in Europe hopping on EXA Infrastructure’s well-established network.”
Nick Read, Executive Chairman at EXA Infrastructure, added:
“We are excited to embark on this new partnership with Telecom Egypt. Partnerships are a cornerstone of how this industry will scale to support the huge growth in data traffic in the coming years. This partnership brings together Telecom Egypt’s formidable role as a hub for traffic from the Middle East and Asia, and EXA Infrastructure’s critical role in providing modern infrastructure and multiple routes via an expansive network, into and around Europe.”
About EXA Infrastructure
Headquartered in London, EXA Infrastructure is a portfolio company of I Squared Capital and the largest dedicated digital infrastructure platform connecting Europe and North America and owns 151,000 kilometres of fibre network across 34 countries. EXA Infrastructure network connects 300 cities and offers 13 Tier 3-equivalent data centres, with sub-sea routes that include six transatlantic cables, one the lowest latency link between Europe and North America. For more information, see exainfra.net
About Telecom Egypt
Telecom Egypt is the first integrated telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering its enterprise and consumer customers the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. Aside from its mobile operation "WE", the company owns a 45% stake in Vodafone Egypt. Telecom Egypt’s shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange. Please refer to Telecom Egypt’s full financial disclosure on ir.te.eg
Contact
For more information, contact:
The investor relations team
Email: investor.relations@te.eg
