This initiative aims to deliver high-speed internet access to at least six million Egyptian households.

The $600 million project, spread over ten years, will involve constructing, operating, and commercializing fiber-optic infrastructure for wholesale purposes.

This includes Fiber-To-The-Home (FTTH) connections for direct high-speed internet access to homes and Fiber-To-The-Site (FTTS) solutions for businesses.

The MoU signing ceremony took place at the Egypt-EU Investment Conference, which was held in Cairo at the end of June. Over the coming months, both companies will finalize details concerning the joint venture’s business model, ownership structure, governance, and technological aspects.

This partnership aligns with Telecom Egypt’s “Digital Egypt” strategy, which is part of Egypt’s Vision 2030 plan.

The project will contribute to the development of FTTH networks across the country. Additionally, connecting mobile sites with fiber infrastructure will enhance mobile network capacity, paving the way for wider 5G deployment in the future.

“This agreement will significantly accelerate Egypt’s digital transformation,” said Mohamed Nasr, Managing Director and CEO of Telecom Egypt. “The future-ready network will not only bolster 5G but also empower the development of next-generation services like IoT and enterprise networks.”

Gellért Jászai, Chairman of 4iG Group, expressed his enthusiasm about the project.

He highlighted its role in showcasing the group’s expertise on a global scale and aligning with their long-term business strategy. Jászai emphasized the project’s potential to create jobs, develop a skilled workforce to support local businesses, and ultimately improve the quality of life for Egyptians.

This collaboration between Telecom Egypt and 4iG Group builds on their previous agreement in February 2024 to construct a direct subsea cable linking Albania to Egypt.