The New Administrative Capital Company for Urban Development (NACCUD) will finalize this month contracts with Vodafone, Etisalat, and Orange to offer services in the city, NACCUD’s technology sector head Mahmoud Khalil said, according to Hapi Journal. The contracts will see state-owned Telecom Egypt sub-contract some of its duties to develop, operate, manage, lease, and maintain the new capital’s telecoms network to the private telecom companies.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…