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ERICSSON SIGNS "ENGINE" PACT TO UPGRADE EGYPT'S TELECOM.

An new agreement between Telecom Egypt and Ericsson (NASDAQ:ERICY), Stockholm, Sweden, is the basis of a long-term strategic partnership, valued at approximately $163 million over the coming five years.

It supports Telecom Egypt in the ongoing implementation of its ambitious plans to expand and modernize the National Telecommunication Infrastructure in order to meet the growing demands for communication and information services by the community.

In addition to access expansion, an important element of the frame agreement is to accelerate the migration of the core backbone network from a circuit-switched to an open layered packet-based mega network.

Competence development and transfer of knowledge form a vital cornerstone in the agreement in order to support Telecom Egypt in achieving its goals to stay competitive in the dynamic and open telecommunications marketplace in Egypt.

"Ericsson has proven to be a trusted partner and we believe with their leadership in the field of Communication and Information technology they will be a suitable partner supporting us achieving our objectives when facing the highly competitive market place," said Eng. Akil Beshir, chairman, Telecom Egypt.

"Egypt has proven to be one of the fast growing markets in the important and prosperous region of Middle East and Africa," said Mats Granryd, president of Ericsson Egypt Ltd. "Ericsson is proud to be selected as strategic partner to Telecom Egypt and actively contribute to the development of the Communication and Information services in Egypt."

"The close partnership established will secure that the objectives for the development within Communication and Information will be met and in alignment with the MCIT Telecom Master Plan," said Dr Tarek Kamel, advisor, Ministry of Communication and Information Technology.

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

About Egypt Telecom

Telecom Egypt, (Arento in the past) was established 1918 as the Egyptian Telegraph and telephone Administration, since that time a great progress in telecommunication Networks has been achieved and within the last two decades, Telecom Egypt adapted an ambitious plan to review and develop the switching and transmission network facilities. Read more at: www.telecomegypt.com.eg

About ENGINE

ENGINE is Ericsson's global multi-service network offering for network operators, designed for real-time services; a carrier-class network able to carry large and growing volumes of IP-based traffic. ENGINE efficiently builds new and migrates operators' current circuit-switched networks into a single next generation network, based on ATM and IP packet switching technologies. Ericsson's access portfolio comprises end-to-end solutions and access technologies like fiber Ethernet, copper, and wireless technologies.

To date, Ericsson has numerous worldwide commercial agreements for ENGINE solutions including BT, Telmex, Skanova, eircom, Song Networks, Telia International Carrier, KPN, Comensus, Edisontel and others.

To learn more about Ericsson's suite of multi-service network solutions, ENGINE, visit http://www.ericsson.com/engine or call 212/685-4030.
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Title Annotation:with Telecom Egypt (formerly known as Arento)
Comment:ERICSSON SIGNS "ENGINE" PACT TO UPGRADE EGYPT'S TELECOM.(with Telecom Egypt (formerly known as Arento))
Publication:Worldwide Telecom
Geographic Code:7EGYP
Date:Apr 1, 2002
Words:487
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