TE signs agreement with Orange Data for high-speed internet
Telecom Egypt (TE) [ETEL.CA] announced signing an agreement with Orange Data for bitstream access services, which will enable Orange Data to provide its customers with higher speed internet services. The agreement avails the use of new technologies, including fibre to the home (FTTH) and VDSL, raising the maximum speed to 100Mbps from 16Mbps previously, according to TE’s statement.
Telecom Egypt: EGP14.84 as of 12 Feb. 2019, Rating: Buy, TP: EGP15.70/share, MCap: USD1,439mn, ETEL EY/ETEL.CA
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