Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), will acquire the Middle East and North Africa Submarine Cable (MENA) for a total value of US$90 million from Orascom Telecom Media and Technology Holding S.A.E.
Telecom Egypt said the decision to acquire MENA Cable comes in line with its strategy to achieve a short-term return from this investment and to preserve the revenue stream of...
