Tejas Network, the Tata Group unit, on Tuesday, March 26, said it has signed an MoU with Telecom Egypt, Information Technology Industry Development Agency (ITIDA) and the National Telecom Insitute (NTI), to replicate its experience of implementing the rural broadband project Bharatnet and national knowledge network (NKN) projects in Egypt.
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Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for fiber-to-the-home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region, the Tata Group company said in a stock exchange filing.
Anand Athreya, the CEO and MD of Tejas Networks said the MoU with Telecom Egypt is an important milestone for both organisations. “We are committed to serving as a trusted advisor and technology partner for Egypt’s digital transformation journey while nurturing its local ecosystem in telcom manufacturing, R&D, network planning, installation and maintenance,” he said.
Dr Amr Talaat, the minister of communications and information technology in Egypt, said discussions regarding the MoU began in January 2023 to enhance cooperation between India and Egypt in the field of communications and information technology. “It is a comprehensive agreement that seeks to promote localisation of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications,” he said.
Mohamed Nasr El-Din, CEO and Managing Director of Telecom Egypt, said the MoU aims at providing his company with the latest communications technology in the world while ensuring that it provides the highest quality of infrastructure services.
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Tejas Networks shares ended 0.76% lower at ₹687.5 apiece on Friday, March 22. The stock has risen 22% in the last 12 months.
