Telecom Egypt (TE) has signed a cooperation protocol with MARAKEZ for Real Estate Investment to provide its integrated communication services and connect telecommunications networks to all MARAKEZ projects with the highest internet speed.
Under this protocol, TE will provide all MARAKEZ-owned projects, including District Five Residences, Mindhaus, and D5M in New Katameya, with cutting-edge telecommunication networks and integrated communication services. These will boast the latest advanced technologies by connecting optical fibre to the home (FTTH) cables to the projects.
Services will include fixed landline telephone services, the highest-speed internet in Egypt, IPTV, and other advanced telecommunications services.
This protocol also includes AEON, MARAKEZ’ first residential project in the 6th of October City. AEON includes the first luxurious high-rise towers in new urban communities, as well as the recently opened mall, Town Center.
“We are thrilled to sign this protocol with MARAKEZ to provide it with the latest integrated telecom services for its real estate projects, capitalising on our advanced infrastructure and technical expertise,” said Adel Hamed, Managing Director and CEO of TE, “As the first fully integrated operator in Egypt, TE will continue to provide such advanced services for real estate projects, in line with the latest global ICT developments.”
Basil Ramzy, CEO of MARAKEZ, said, “We are pleased to sign this protocol with one of largest telecommunications service providers in Egypt, to ensure that our homeowners, visitors, and customers receive the best level of telecommunication services that keep pace with their evolving needs.”
He added, “We look forward to future cooperation to provide the latest advancements in the field of communications and information technology for our homeowners.”
Mohamed Abu Taleb, Executive Vice President for Commercial Affairs at TE, said that the cooperation with MARAKEZ affirms the great confidence that his company has in real estate development companies in Egypt. In that regard, TE is very pleased to provide them with premium quality telecom services to keep pace with the evolving needs of customers.