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TE inks MoU to provide IoT services to businesses

Telecom Egypt (TE) [ETEL.CA] signed an MoU with Nokia to provide Internet of Things (IoT) services to businesses in Egypt through the Nokia Worldwide IoT Network Grid (WING), according to a ministry statement. The MoU will see TE develop cloud infrastructure and provide IoT services under its own brand at local prices to its corporate clients. The MoU will also see both sides cooperating to develop and test new uses for 5G. (Enteprise)
Telecom Egypt: EGP14.89 as of 28 Feb. 2019, Rating: Buy, TP: EGP15.70/share, MCap: USD1,452mn, ETEL EY/ETEL.CA

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