Telecom Egypt has partnered with Hungarian telecom firm 4iG Group to form a joint venture to build, operate, and commercialise fibre-to-the-home (FTTH) and fibre-to-the-site (FTTS) access infrastructure wholesale across Egypt. The two companies have agreed on the ambitious project's business model, ownership structure, governance processes, and technological specifications. This ambitious project will see a combined investment of$600 million over the next ten years to provide high-speed internet to at least six million households.

This initiative aligns with Egypt's Digital Egypt and Vision 2030 strategies. As a result, the agreement was signed in the presence of Egyptian Prime Minister Dr Mostafa Madbouly and Minister of Communications and Information Technology Dr Amr Talaat.

Moreover, the FTTS component of the network will enhance the capacity of Egypt's mobile network, facilitating a faster rollout of 5G technology. This infrastructure will also support other next-generation services, such as the Internet of Things (IoT) and enterprise networks. Mohamed Nasr, managing director and CEO of Telecom Egypt, highlighted the project's potential to deliver unparalleled performance and future-proof connectivity, reinforcing Telecom Egypt's leadership in the ICT sector.