TE, Nokia ink MoU to provide IoT services to Egypt businesses

Telecom Egypt has signed an MoU with Nokia to provide Internet of Things (IoT) services to businesses in Egypt through the Nokia Worldwide IoT Network Grid (WING), according to a ministry statement. The MoU will see the state-owned fixed-line monopoly develop cloud infrastructure and provide IoT services under its own brand at local prices to its corporate clients. The MoU will also see both sides cooperating to develop and test new uses for 5G.