Ora Developers signs a cooperation protocol with Telecom Egypt to provide integrated communication services in its real estate projects, Invest-Gate reports.
Through the cooperation, Telecom Egypt connects their networks and provides communication services with the latest advanced technologies for real estate projects owned and affiliated with Ora Developers. This is through connecting optical fiber cables to residential units (FTTH), as well as providing integrated communication services within these projects. The value of the protocol is EGP 90 mn over a period of 3 years.
The cooperation protocol grants Telecom Egypt sponsorship and advertising rights within the real estate projects of Ora Developers. Also, Telecom Egypt and its subsidiaries are to be an official sponsor for all major events that are held within these real estate projects.
Eng. Naguib Sawiris, CEO and Chairman of the Board of Directors of Ora Developers, expresses, “We are happy to sign this protocol with Telecom Egypt due to their experience in the field of communications in Egypt. The company is always looking for partnerships that help provide advanced services and technology to its customers, which will help provide a better society.”
Eng. Adel Hamed, managing director and CEO of Telecom Egypt, states, “We are pleased to sign this protocol with Ora Developers to provide the latest integrated communication services for its real estate projects,” adding that the advanced infrastructure and technical expertise that Telecom Egypt possesses will ensure the provision of the best and latest services to its customers.
Mr. Haitham Abdel-Azim, CEO of Ora Developers Egypt notes, “Ora has always been interested in strategic partnerships with various institutions and entities, and one of the most recent of these partnerships is with Telecom Egypt, which will extend for a period of 3 years, and this protocol includes many features that will benefit both companies.”