The geographic position of Egypt allows for an efficient crossing from the Red Sea to the Mediterranean Sea for submarine cable systems. TE being Egypt's only fixed network operates the TE Transit Corridor, which comprises the terrestrial infrastructure linking the two Seas, over multiple diverse and redundant routes.
Additional terrestrial routes over the Sinai Peninsula add to the unique resilience of the TE Transit Corridor and favourable submarine cable build economics by avoiding shallow waters. The TE Transit Corridor was developed over nearly 20 years to be the route of choice for all crossing submarine cable systems in this geography, which multiplies the benefit of the crossing systems through TE for their ability to achieve interconnection and restoration with other systems.
IMEWE is a consortium led submarine cable system comprising of several leading international telecom administrations including VSNL, BHARTI, PTCL, ETISALAT, STC, TE, STE, JTG, CYTA, MAROC TELECOM, FT and OGERO. The 3.84 Tbps capacity IMEWE system is about 10,000 km long 3 fiber pair cable system connecting India to Europe as well as various countries on way including Pakistan, UAE, Saudi Arabia, Jordan, Syria, Lebanon, Egypt, Cyprus, Morocco and Italy.
"IMEWE cable system has been planned by the group of international telecom companies responsible for development of very successful SMW4 cable system commissioned in 4Q 2005 to meet the ever growing international telecommunication requirement of Asia, Middle East and, Europe Regions. Data traffic is exponentially increasing in Asia and Middle East region and IMEWE cable system is planned to meet this growing demand of international bandwidth capacity in concerned regions," according to Mr. K. P. Tiwari who is the Interim Management Committee Chairman of IMEWE.
The anticipated ready for service date is Mid-2009. TE has signed a$36m contract by which IMEWE shall use the TE Transit Corridor to cross from the Red Sea to the Mediterranean Sea through Telecom Egypt infrastructure.
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Telecom Egypt announces engagement with India Middle East Western Europe (IMEWE)
- Egypt: Thursday, November 15 - 2007 at 12:33
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Telecom Egypt (TE) announced today the signature of a $36m contract with IMEWE in relation to its TE Transit Corridor.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, November 15 - 2007 at 12:33 UAE local time (GMT+4)
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Notes and Media Contacts »
For further information:
Tarek M. Tantawy, CFA
Vice President & Chief Financial Officer
Tel: +2 02 25763030 - +2 02 25778992
Fax: +2 02 25789246
Alia A. Allouba
Investor Relations Assistant Manager
Tel: +2 02 25788787
Fax: +2 02 25789314
Within this statement, we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should be aware that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. When relying on forward-looking statements, you should carefully consider the political, economic, social and legal environment in which Telecom Egypt operates. Such forward-looking statements speak only as of the time of this release today. Accordingly, Telecom Egypt does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise other than as required by applicable laws, the Listing Rules or Prospectus Rules of the United Kingdom Listing Authority, the Egyptian Capital Markets Authority or the Cairo and Alexandria Stock Exchange. The documents filed from time to time with these authorities may identify important factors that could cause actual results to differ materially
from those contained in any forward-looking statements.
About Telecom Egypt
Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started its operations in 1854 with the first telegraph line in Egypt. Then it was corporatized in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organization (ARENTO). The Company is the largest provider of fixed-line services in the Middle East and Africa with 11.03m subscribers as at the end of September 2007.
TE provides retail telecommunication services including access, local, long distance and international voice, Internet and data, and other services. The company also provides wholesale services including bandwidth capacity leasing to ISPs, and national and international interconnection services. Telecom Egypt's services also include the provision of narrowband and broadband internet access through its subsidiary TE Data. TE Data has active operations in Egypt and Jordan.
TE currently participates in the mobile segment in Egypt by providing mobile interconnectivity through its current, increased 44.79% holding in Vodafone Egypt, one of the three existing Egyptian mobile operators.
TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo and Alexandria Stock Exchanges and the London Stock Exchange.
Tarek M. Tantawy, CFA
Vice President & Chief Financial Officer
Tel: +2 02 25763030 - +2 02 25778992
Fax: +2 02 25789246
Alia A. Allouba
Investor Relations Assistant Manager
Tel: +2 02 25788787
Fax: +2 02 25789314
Within this statement, we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should be aware that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. When relying on forward-looking statements, you should carefully consider the political, economic, social and legal environment in which Telecom Egypt operates. Such forward-looking statements speak only as of the time of this release today. Accordingly, Telecom Egypt does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise other than as required by applicable laws, the Listing Rules or Prospectus Rules of the United Kingdom Listing Authority, the Egyptian Capital Markets Authority or the Cairo and Alexandria Stock Exchange. The documents filed from time to time with these authorities may identify important factors that could cause actual results to differ materially
from those contained in any forward-looking statements.
About Telecom Egypt
Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started its operations in 1854 with the first telegraph line in Egypt. Then it was corporatized in 1998 to replace the former Arab Republic of Egypt National Telecommunication Organization (ARENTO). The Company is the largest provider of fixed-line services in the Middle East and Africa with 11.03m subscribers as at the end of September 2007.
TE provides retail telecommunication services including access, local, long distance and international voice, Internet and data, and other services. The company also provides wholesale services including bandwidth capacity leasing to ISPs, and national and international interconnection services. Telecom Egypt's services also include the provision of narrowband and broadband internet access through its subsidiary TE Data. TE Data has active operations in Egypt and Jordan.
TE currently participates in the mobile segment in Egypt by providing mobile interconnectivity through its current, increased 44.79% holding in Vodafone Egypt, one of the three existing Egyptian mobile operators.
TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo and Alexandria Stock Exchanges and the London Stock Exchange.
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