Telecom Egypt and 4iG Group Join Forces to Build Egypt’s Future-Proof Fibre Network

Telecom Egypt and Hungarian IT solutions provider 4iG Group are embarking on a transformative joint venture to construct a state-of-the-art fibre network in Egypt. This ambitious project, valued at $600 million over the next decade, aims to deliver high-speed internet access to millions of Egyptian households and businesses.

The core of the initiative lies in building, operating, and marketing a robust fibre-optic infrastructure. This network will provide high-bandwidth connections directly to homes (FTTH) and businesses (FTTS) across Egypt, serving as the backbone for a future-proof digital landscape.

PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you!

This collaboration aligns perfectly with Telecom Egypt’s “Digital Egypt” strategy, which is a cornerstone of Egypt’s Vision 2030 plan. The project directly supports the development of FTTH networks across the country, paving the way for a more digitally connected nation.

The fibre-optic infrastructure will not only provide high-speed internet access but will also significantly enhance Egypt’s mobile network capabilities. By connecting mobile sites with this modern infrastructure, the network will be better equipped to handle the ever-increasing demand for data and facilitate the large-scale deployment of 5G technology.

[DOWNLOAD OUR MAGAZINE]

• ALVIN RUME OPHI: INSIDE THE MIND OF A CRYPTO ANALYST 
• DONJAZZY: MAKING MILLIONS WITH CRYPTO IN 10 MINUTES
• JUDE OZINEGBE: INSPIRING NEXT GENERATION DIGITAL ECONOMY
• Herbert Wigwe: Everything You Need to Know [WIGWE ODYSSEY]

This joint venture marks a significant milestone for both companies. Telecom Egypt, having secured Egypt’s first 5G license in January 2024, is now well-positioned to spearhead the country’s digital transformation. As Mohamed Nasr, CEO of Telecom Egypt, highlighted, this agreement will propel Egypt’s digital journey by establishing a “future-ready network” that can support not only 5G but also next-generation services like IoT and advanced enterprise networks.

For 4iG Group, this project represents a global expansion opportunity. Gellért Jászai, Chairman of 4iG Group, sees this partnership as a strategic move to showcase their expertise on an international scale. Beyond business interests, Jászai emphasized the project’s potential to create jobs, develop a skilled workforce, and ultimately improve the quality of life for Egyptians.

[READ MORE IN THE NEWS]

• Investing in a Volatile Market: Strategies for Success in 2024
• Breaking Barriers: African EdTech Startups Battle the Digital Divide (2024 Update)
• 10 Artificial Intelligence Startups Powering Africa’s Rise
• Mortgages and Investments: A Tightening Grip on Rising Interest Rates

This venture builds upon a previous collaboration between the two companies in February 2024, where they agreed to construct a subsea cable directly linking Albania to Egypt. This additional project further strengthens the digital bridge between Africa and Asia with Europe.

The Telecom Egypt and 4iG Group partnership signifies a significant leap forward for Egypt’s technological infrastructure. This future-oriented project holds immense potential to transform the lives of millions of Egyptians, ushering in a new era of digital connectivity and opportunity.