{"id":624668,"date":"2018-09-16T04:19:28","date_gmt":"2018-09-16T04:19:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/"},"modified":"2018-09-16T04:19:28","modified_gmt":"2018-09-16T04:19:28","slug":"te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/","title":{"rendered":"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable"},"content":{"rendered":"<p>Telecom Egypt has reportedly allocated USD 10 mn to installation and maintenance work on its subsea MENA cable, <a href=\"http:\/\/www.almalnews.com\/Story\/389404\/17\/10-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AA%D9%83%D9%84%D9%81%D8%A9-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D9%88%D8%B5%D9%8A%D8%A7%D9%86%D8%A9-%D9%83%D8%A7%D8%A8%D9%84-%D9%85%D9%8A%D9%86%D8%A7-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%89\">sources tell Al Mal<\/a>. TE had acquired MENA Cables from Orascom Telecom Media and Technology <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/22\/telecom-egypt-signs-spa-for-acquisition-of-otmts-mena-cables\/\">earlier this year<\/a> in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable, with USD 50 mn meant to <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/221042_1.pdf\">settle old debts (pdf)<\/a>. MENA Cable is licensed in Egypt and Italy to operate a submarine telecoms system connecting Europe to the Middle East and Southeast Asia. EFG Hermes Investment Banking was buy-side advisor on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telecom Egypt has reportedly allocated USD 10 mn to installation and maintenance work on its subsea MENA cable, sources tell Al Mal. TE had acquired MENA Cables from Orascom Telecom Media and Technology earlier this year in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable, with USD [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624668","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"5bfbfc00-5ae1-4a2d-8acb-42770c8fe484","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable","related_issue":[624637],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.9b73a818-de0b-40a9-81b2-f815891cd01c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable\" \/>\n<meta property=\"og:description\" content=\"Telecom Egypt has reportedly allocated USD 10 mn to installation and maintenance work on its subsea MENA cable, sources tell Al Mal. TE had acquired MENA Cables from Orascom Telecom Media and Technology earlier this year in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable, with USD [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-16T04:19:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable\",\"datePublished\":\"2018-09-16T04:19:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Telecoms + ICT\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/\",\"name\":\"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable - 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TE is expecting to generate cash inflows\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629334,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/te-to-use-usd-90-mn-of-usd-200-mn-facility-from-afreximbank-to-finance-mena-cables-acquisition\/","url_meta":{"origin":624668,"position":2},"title":"TE to use USD 90 mn of USD 200 mn facility from Afreximbank to finance MENA Cables acquisition","author":"enterpriseam admin","date":"28 May 2018","format":false,"excerpt":"Telecom Egypt (TE) is reportedly planning to use USD 90 mn of a USD 200 mn short-term loan agreement with the African Export-Import Bank (AfreximBank) to finance its acquisition of Orascom Telecom Media and Technology (OTMT) subsidiary MENA Cables, a banking source tells Al Shorouk. The state-owned landline monopoly signed\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543671,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/etisalat-misr-buys-40-mhz-of-bandwidth-new-subsea-data-cable-to-connect-egypt-greece\/","url_meta":{"origin":624668,"position":3},"title":"Etisalat Misr buys 40 MHz of bandwidth + new subsea data cable to connect Egypt + Greece","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"Etisalat Misr bought 40 MHz of new bandwidth from the National Telecommunications Regulatory Authority (NTRA), Etisalat Misr \u0650Acting Chief Corporate Affairs Officer Hossam ElMeadawy said in a statement (pdf) on Thursday, without providing the value of the transaction.Two awards in one week: This came in the same week that Orange\u2026","rel":"","context":"In &quot;Telecoms&quot;","block_context":{"text":"Telecoms","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/telecoms\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/168.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629097,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/telecom-egypt-signs-spa-for-acquisition-of-otmts-mena-cables\/","url_meta":{"origin":624668,"position":4},"title":"Telecom Egypt signs SPA for acquisition of OTMT\u2019s MENA Cables","author":"enterpriseam admin","date":"22 May 2018","format":false,"excerpt":"M&A WATCH- TE inks SPA for USD 90 mn acquisition of OTMT\u2019s MENA Cables: Telecom Egypt (TE) subsidiary the Egyptian International Submarine Cables Company (EISCC) has executed a sale and purchase agreement for the USD 90 mn acquisition of Orascom Telecom Media and Technology (OTMT) subsidiary MENA Cables, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547500,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/subsea-cables-with-greece\/","url_meta":{"origin":624668,"position":5},"title":"Subsea cables with Greece","author":"enterpriseam admin","date":"23 June 2022","format":false,"excerpt":"Egypt and Greece will lay a new subsea data cable across the Mediterranean under an agreement signed by Telecom Egypt and Greek telecoms company Grid Telecom, TE said in a press release. The cable is set to up data traffic between Europe, Asia, and Africa, the release read, \u201ccreating a\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=624668"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624668\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624637"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624668"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624668"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}