HONG KONG – China Mobile (NYSE:) International (CMI), a subsidiary of China Mobile, and telecommunications (BCBA:) Egypt has signed a strategic trade agreement to improve submarine cable infrastructure and digital service offerings, the companies announced today. The partnership, signed by CMI Chairman and CEO Wang Hua and Telecom Egypt CEO Mohamed Nasr, aims to meet the growing data demands of global businesses and consumers.
The agreement focuses on international infrastructure, with the aim of expanding the global reach of both companies and providing high-quality, uninterrupted connectivity services. By integrating resources from both companies’ cable systems, the partnership is expected to improve network diversity and resilience, offering more reliable connectivity options.
In addition to infrastructure development, the collaboration will explore digital, information, communication and technology (DICT) solutions to promote smart services for businesses. The objective is to empower companies with scalable digital transformation tools and reinforce the companies’ leadership in the business services market.
The strategic partnership between CMI, which operates the world’s largest network, and Telecom Egypt, a major submarine cable operator in the region, reflects a shared commitment to developing robust network infrastructure around the world. The collaboration will also accelerate the development of the digital economy and create economic and social benefits.
This announcement is based on a press release, which indicates that both CMI and Telecom Egypt will leverage their resources and expertise to improve services for global businesses and consumers.
CMI was established in December 2010 and has since expanded its presence to 39 countries and regions, providing international information services and solutions. Telecom Egypt, with a history of around 170 years, continues to lead the Egyptian telecommunications market, offering a wide range of services and maintaining a significant stake in Vodafone (NASDAQ 🙂 Egypt.
The partnership marks a significant step in the companies’ efforts to address global demand for data and digital services, positioning them to better serve their respective customer bases and contribute to the growth of the digital economy.
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