Telecom Egypt S Regulatory News (TEEG)

9 Feb 2006 09:13

Telecom Egypt S.A.E09 February 2006 Telecom Egypt's Internet Subsidiary Operational Update Launch of International VOIP Service in Jordan Signing an Interconnection Agreement with PCCW Global Cairo, 9th February, 2006: Telecom Egypt (TE) (Ticker: ETEL.CA; TEEG.LN),announced that its Internet Subsidiary, TE Data, launched an Internationalprepaid calling card service using VoIP technology from any fixed line in Jordanthrough its fully owned subsidiary TE Data Jordan. The new service provides theJordanian market with International voice calls from Jordan to Egypt. It isworth mentioning that Egypt is currently the top destination for Internationalvoice traffic originating from Jordan. The new service is a natural alternativeto the Egyptian population in Jordan and provides the Jordanian market withcompetitive rates to Egypt, which makes it well positioned to capture asignificant portion of that traffic. TE Data has also announced the signing of an Interconnection agreement with PCCWGlobal, a business unit of PCCW Limited, a world leader in next generationbroadband solutions that acquired the Hong Kong telephone company. The two-partyAgreement calls for the sharing of technical and commercial infrastructure withthe aim of building a mutually stronger position in Asian, Middle Eastern,European and North American telecommunications markets. Integrating TE Data'sand PCCW Global's capabilities and know-how will also serve to enhance theproduct portfolios and broaden the range of services offered by both parties.Thus, this cooperation will allow each party to extend its respective MPLSenabled Protocol network to expand the range of services each party is able tooffer to its own customers worldwide. TE Data's Chairman and Managing Director, Mr. Mohamed Elnawawy commented "We arevery excited about the recent developments happening in our company. I believethat the recent EGP 225mn capital increase, launching our new VoIP services inJordan and signing the interconnection agreement with a reputable company likePCCW are all very promising developments that will help us sustain our status asthe fastest growing segment within the Telecom Egypt Group." - Ends - For further information: Investor Relations Contacts Tarek Tantawy, CFAGeneral Manager - Investor Relations, Investment & Financial PlanningTelephone: +202 5788826Fax: +202 5789314 Eman AnisAssistant Manager - Investor RelationsTelephone: +202 5788787Fax: +202 5789314 E-mail: investor.relations@telecomegypt.com.eg Notes to Editors: About Telecom Egypt Telecom Egypt (TE), Egypt's incumbent telecommunications operator, wasestablished in 1998 to replace the former Arab Republic of Egypt NationalTelecommunication Organization (ARENTO). As at end September 2005, the companyhad a fixed line subscriber base in excess of 10.3 million subscribers, makingit the largest fixed line provider in the Middle East and Africa. About TE Data TE Data was established in 2001 by Telecom Egypt to function as its datacommunications and Internet arm. The company is the fastest growing datacommunications and Internet services provider in Egypt. Currently, withoperations in Egypt, Jordan, Dubai, and ambitious plans in other parts of theMENA region, TE Data's portfolio includes narrowband and broadband Internetaccess services, managed dedicated Internet access services, IP VPN connectivityservices, global connectivity services in addition to consulting andprofessional services. TE Data's portfolio of services covers the communicationsneeds of all whether consumers, small and medium enterprises, large enterprises,and Internet Service Providers. This information is provided by RNS The company news service from the London Stock Exchange