Vodafone, TE renew agreement over use of infrastructure

Vodafone Egypt and Telecom Egypt have renewed an agreement that allows Vodafone to use TE’s network infrastructure to offer its mobile services, according to Al Shorouk. Under the three-year agreement, TE will collect at least EGP 2.370 bn from Vodafone and offer new commercial and technical services in exchange. VFE officials had said last month that it was looking to increase its investments in Egypt in order to meet rising demand. The operator had also said that it was willing to restart talks with TE over a domestic roaming agreement after they had been stalled for months.