Nokia Partners with Telecom Egypt to Launch 5G Network in Egypt
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On Mon, 15 Jul, 4:03 PM UTC
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Egypt Gets 5G Boost: Nokia Teams Up with Telecom Egypt - Nokia (NYSE:NOK)
Deployment of Nokia's AirScale portfolio set for later this year to enhance network performance and capacity. Nokia Oyj NOK disclosed a new collaboration with Telecom Egypt to introduce 5G technology to Egypt. The deal marks a transformative step in the country's telecom sector across cities like Alexandria, Aswan, Cairo, Giza, and Luxor. As per the deal, Nokia will deploy its AirScale 5G RAN equipment, powered by ReefShark technology, to boost capacity and coverage, along with providing professional services for deployment, integration, and network optimization. The company stated that 5G technology in Egypt is projected to enhance connectivity in dense areas, enabling faster downloads, smoother streaming, and better network performance, fostering innovation and efficiency across sectors. Mohamed Al Fowey, Vice President, and Chief Technology Officer at Telecom Egypt, said, "This new agreement with Nokia further strengthens our strong partnership, reaffirms our commitment to providing cutting-edge digital services, and positions us at the forefront of the 5G revolution." "Both our consumer and enterprise customers can look forward to enhanced mobile broadband and exciting new applications that leverage the speed and low latency of 5G technology." Tommi Uitto, President of Mobile Networks at Nokia, stated, "This important 5G contract with Telecom Egypt extends our longstanding partnership. The introduction of 5G services enabled by our extensive portfolio will open exciting new opportunities for people and businesses in Egypt to experience enhanced mobile connectivity." In June, Nokia stated that it would acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of $2.3 billion. Apart from this, Nokia agreed to sell Alcatel Submarine Networks (ASN) to the French State, represented by the Agence des participations de l'Etat (APE) for an enterprise value of EUR350 million. Investors can gain exposure to the stock via IShares U.S. Digital Infrastructure And Real Estate ETF IDGT and Defiance Quantum ETF QTUM. Price Action: NOK shares are down 0.50% at $3.97 premarket at the last check Monday. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo via Wikimedia Commons Read Next: Nokia Demonstrates Future Of Voice Calls With 3D Audio: Details Market News and Data brought to you by Benzinga APIs
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Nokia and Telecom Egypt bring 5G to Egypt for the first time (NYSE:NOK)
Finnish telecoms gear maker Nokia (NYSE:NOK) has signed a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time, it said on Monday. Under the agreement, Nokia (NOK) will deploy 5G radio access network equipment from its AirScale portfolio, comprising baseband units and its latest generation of Massive MIMO radios. Deployment will take place later this year. Earlier this year, Telecom Egypt secured the country's first 5G license, which is valid for 15 years. Source: Press Release More on Nokia 5 Considerations Ahead Of Nokia's Q2 2024 Earnings Nokia: Infinera Deal Isn't A Catalyst Nokia Hopes To Turn Around With AI And 5G Partnerships Nokia to provide mobile core network and managed services to Denmark's Norlys Nokia plans to acquire Infinera for $2.3B to boost optical position
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Nokia and Telecom Egypt have joined forces to introduce 5G technology to Egypt for the first time. This collaboration marks a significant milestone in the country's telecommunications infrastructure.
Nokia and Telecom Egypt Forge Strategic Partnership
In a groundbreaking development for Egypt's telecommunications sector, Nokia has announced a strategic partnership with Telecom Egypt to bring 5G technology to the country for the first time 1. This collaboration is set to revolutionize the digital landscape of Egypt, promising faster internet speeds and enhanced connectivity for millions of users.
The 5G Rollout Plan
The initial phase of the 5G rollout will focus on key areas across Egypt, including Cairo, Alexandria, and popular tourist destinations 2. This strategic deployment aims to cater to both urban centers and areas crucial to Egypt's tourism industry, ensuring widespread access to cutting-edge mobile technology.
Technical Specifications and Equipment
Nokia will be supplying Telecom Egypt with its latest AirScale portfolio, which includes advanced Radio Access Network (RAN) equipment 1. This state-of-the-art technology is designed to support not only 5G but also 2G, 3G, and 4G networks, ensuring backward compatibility and a smooth transition for users across different network generations.
Economic and Social Impact
The introduction of 5G is expected to have far-reaching effects on Egypt's economy and society. It is anticipated to drive innovation across various sectors, including healthcare, education, and industry 2. The enhanced connectivity and lower latency offered by 5G could pave the way for new applications in areas such as remote surgery, autonomous vehicles, and smart city initiatives.
Telecom Egypt's Market Position
As the country's first integrated telecom operator, Telecom Egypt is well-positioned to lead this technological leap. The company's extensive fiber infrastructure, coupled with Nokia's advanced 5G equipment, is expected to provide a robust foundation for the new network 1. This partnership could potentially strengthen Telecom Egypt's market position and attract new customers seeking high-speed, low-latency mobile services.
Future Prospects and Challenges
While the launch of 5G in Egypt represents a significant milestone, it also brings challenges. The rollout will require substantial investment in infrastructure and may face hurdles such as spectrum allocation and regulatory approvals. However, if successful, this initiative could position Egypt as a regional leader in 5G technology, potentially attracting foreign investment and fostering technological innovation across the country 2.
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