Vodafone and TE renew international gateway agreement
Vodafone Egypt and Telecom Egypt recently renewed their international gateway license agreement, government sources tell Youm7. The new contract will be valid for five years and allows Vodafone to use TE’s network infrastructure for its international voice call services. The sources are punting the signing as proof that there is no discord between the Vodafone and TE, who have seen repeated delays in the signing of a domestic roaming agreement, under which TE would use Vodafone’s infrastructure to offer its newly launched mobile service. Recently, Vodafone Egypt CEO Stephen Gastaut said it was important to find a quick solution for the conflict of interest between both companies with TE owning a 45% stake in Vodafone, which it now openly competes with in the mobile market. This comes as TE announced yesterday that its mobile network WE netted one mn subscribers during its first month in operation — a feat no MNO has accomplished before, CEO Ahmed El Behery said.