Telecom Egypt plans to invest EGP 17 bn through 2020
INVESTMENT WATCH- Government-owned carrier Telecom Egypt (TE) is planning to invest EGP 17 bn through 2020, Reuters reports. The company is accelerating efforts to develop its infrastructure and improve its networks by 2020, two years earlier than initially planned. The company said last month that it was planning to build four or five data centers in the coming two years in the new administrative capital, Alexandria, Smart Village, and Suez. It is also upgrading its existing data centers and is expecting to host Nokia’s Internet Of Things platform by the end of the year to serve Egypt and the region. TE is also working to meet the requirements to host Microsoft’s cloud network.