Vodafone Egypt and Telecom Egypt ink new international gateway contract
Vodafone Egypt has signed a new three-year contract to use Telecom Egypt's (TE’s) international gateway for its overseas traffic, Reuters reports, citing a statement from the Egyptian Ministry of Communications and Information Technology (MCIT). Incumbent TE is expected to generate revenue of approximately EGP4 billion (USD723 million) under the arrangement, which is effective immediately.
TE has a similar agreement in place with Vodafone rival MobiNil, while Egypt’s third mobile network operator, Etisalat Misr, acquired its own international gateway licence in October 2007, allowing it to bypass the TE network. In return for the concession Etisalat agreed to pay EGP100 per subscriber plus EGP20 per new subscriber added per year (up to a maximum of 6% of gross revenues).