Displaying items by tag: partnership
The Egyptian Minister of Trade and Industry, the Chairman of the Arab Organization for Industrialization (AOI) and the Chairman of the Suez Canal Economic Zone attended a partnership signing ceremony between AOI and Benya Capital.
The ceremony was also attended by Jonathan R. Cohen, Ambassador of the United States of America to Egypt and representatives of Corning Incorporated via video conference.
At the ceremony, Benya Capital, a leader in telecom and technology solutions and technology infrastructure in Egypt and the region, previously known as Fiber Misr for Communications Information Technology, signed a binding MoU with The Arab Organization for Industrialization, to build the largest fiber optic cable factory in Egypt, Africa and the Arab region with a total investment of more than 1 billion Egyptian pounds at the Suez Canal Economic Zone.
The agreement reaffirms Egypt’s directive and reflects AOI’s strategy to increase local manufacturing, embed the latest technologies and reduce import in cooperation with international expertise.
Arab Organization for Industrialization Chairman Lieutenant General Abdelmonem Eltarras, reaffirmed President Abdel Fattah El Sisi’s mandate to increase local production, transfer and embed the latest technologies and reduce imports. This will lead to increasing the local products’ added value and digitize massive national development projects.
Lieutenant General Eltarras also added that Egypt has taken the first tangible steps towards achieving its digital transformation plan. He reaffirmed that the organization is eager to support Egypt’s strategy to digitize, incorporate smart solutions and reinforce telecom solutions locally and across Africa in accordance with global standards.
Lieutenant General Eltarras added that this will be achieved by participating in building secure and high-speed telecom lines for large digital projects.
He also highlighted that this industrial structure will also provide employment opportunities for young engineers and technicians, in addition to training opportunities on the latest technologies in line with the fourth industrial revolution.
Through this partnership, AOI targets the establishment of a national industry that meets local demand for advanced technological infrastructure for the communications networks. The latter will enable the development of smart cities in Egypt and present an export opportunity to the region and Africa. He also highlighted that the organization is supporting the government’s preventative measures against COVID-19 by producing sterilization units.
Commenting on this partnership, Benya Capital Chairman and CEO Ahmed Mekky said, “This is the first partnership of its kind in Egypt to achieve smart digitalization for mega digital projects. We aim to develop the technological infrastructure in all development projects, as well as relevant information technology services and solutions. The fiber optic industry is considered the cornerstone for launching cost-efficient digital transformation projects, which is particularly important when launching mega national projects at new cities and establishing technological infrastructure and smart applications.”
“Experimental production of the factory is set to start during 2021 Q3, utilizing up to four million kilometers of optical fibers annually. This capacity is set to increase successively according to the company’s expansion plan and enabling Egypt’s transformation to one of the most important hubs for data storage and transmission,” he added.
Corning Incorporated, one of the world’s leading innovators in optical fiber, cable, and connectivity solutions, will support the project as a strategic supplier of optical fiber. This collaboration will provide Benya Capital with world-leading innovation and reliable supply based on Corning’s global manufacturing capabilities.
Corning invented the first low-loss optical fiber, which ultimately transformed the way the world creates, shares, and consumes information.
Richard Nevins, division vice president, Optical Fiber Commercial Operations, Corning Incorporated, commented, “We are honored to have been selected as a strategic supplier for this exciting investment by Benya Capital. This will ensure the new factory will be able to provide cables with the most advanced and innovative fibers, with security of supply to meet the growing demands of Egypt and surrounding regions ensured by Corning’s global capacity footprint.”
The Minister of Trade and Industry Mrs. Neveen Gamea, affirmed the government's keenness to take advantage of the tremendous manufacturing capabilities of the Arab Organization for Industrialization to expand the Egyptian industrial base, deepen local manufacturing and increase the added value of Egyptian products to the local and global markets, which contributes to achieving the Ministry's vision of increasing dependence on the national industry In meeting the needs of the local market to replace imports and reduce the trade deficit.
Mrs. Gamea pointed out that the signing of this agreement comes to confirm the main and pivotal role that the Arab Organization for Industrialization (AOI) plays in introducing the latest production technologies and the highest quality standards for the Egyptian industry, stressing that AOI is a key partner of the Ministry of Trade and Industry in implementing the national plan to deepen local manufacturing as well as provide local products that match the Egyptian specifications, and has gained local acceptance and global popularity.
Eng. Yehia Zaki, Chairman of the Suez Canal Economic Zone, affirmed that the project is the largest in southern part of the economic zone at Ein Sokhna. The cooperation with AOI will enable achieving sustainable development, attract local investments and support the government’s vision for the economic zone as a global logistics center. This also falls within the framework agreement signed by both parties last month to establish industrial parks at the economic zone.
Zaki also praised the efforts exerted by the Arab Organization for Industrialization to increase domestic production and embed the latest technologies to support local investments and the government plans to reform local industries.
Instead of going with cloud giants Amazon or Microsoft, Zoom announced it had picked Oracle as a cloud infrastructure partner to support its rapid growth and evolving business needs as the enterprise video communications company continues to innovate and provide an essential service to its extensive customer base.
In a multi-year partnership, Etisalat has announced that it has teamed up with Microsoft to drive public cloud first strategy through a digital transformation program that enables Etisalat to build a digital platform infused with automation and AI providing a simplified network architecture and operations empowering Etisalat subscribers and improving customer experience.
“Today, Etisalat and Microsoft embark together on a bold new digital transformation journey that will allow us to leverage our industry expertise to deliver the next generation of networks,” said Saeed Al Zarouni, Senior Vice President, Mobile Networks, Etisalat.
“Keeping in line with our overall strategy and vision of ‘Driving the Digital Future to Empower Societies, we at Etisalat are committed to nothing less than the total transformation of the consumer and business customer experiences. Etisalat today has transitioned to a digital service provider – the provider of choice for digital services among enterprises and SMB customers, supporting them to monetize services to generate new revenue streams. Together with Microsoft, we are building the communications network of the future.”
Microsoft Azure will power the infusion of AI capabilities into Etisalat’s network by expanding Microsoft Azure solutions into the network, and for Etisalat’s new technologies like Multi-access Edge Computing (MEC) and Network Edge Computing (NEC). These will significantly speed up computing at the edge, which combined with 5G, will enable new types of applications related to smart cities, autonomous systems, gaming, AR/VR, IoT, and vision computing solutions.
“Our partnership with Etisalat is further demonstration of the trust regional enterprises place in the intelligent Microsoft Cloud,” said Sayed Hashish, General Manager, Microsoft UAE.
“Our mission is to empower every individual and organization on the planet to achieve more. Etisalat’s digital transformation journey centers on a public-cloud-first strategy including network workloads. Its partnership with Microsoft is designed to merge its telecommunications capabilities with our intelligent cloud solutions, including artificial intelligence and self-healing networks.”
Nokia and Innventure, which commercializes innovative technologies, have established a relationship designed to accelerate commercialization of disruptive Nokia Bell Labs satellite communications technology and intellectual property in areas beyond Nokia core businesses. The collaboration with Innventure will be led by Nokia Technologies, the company's licensing arm.
Swiss telecommunications operator Swisscom has launched the continent’s first large scale 5G networks in partnership with Swedish vendor Ericsson.
In a statement released by the Swedish telecommunications behemoth it confirmed that the 5G network was launched in 54 cities across Switzerland after the operator secured a license to operate a 5G network in the country.
Ericsson has seen its financial coffers significantly boosted by its success in the North American market following the publication of its Q1 results.
Ericsson CEO Borje Ekholm expressed his delight at the launch of the 5G networks in Switzerland and predicted that the company would up the ante in relation to 5G in the large parts of Asia by the end of this year.
Ekholm said, “To date we have publicly announced commercial 5G deals with 18 named operator customers, which, at the moment, is more than any other vendor. The company would continue to incur costs for field trials and we’re expecting large-scale deployments of 5G to begin in parts of Asia by the end of 2019. Combined, this will gradually impact short-term margins but strengthen our position in the long term.”
Shares of Ericsson rocketed on the Stockholm stock exchange with the company reporting an increase of 3% which represented a four-year high for the vendor.
Ericsson, one of Chinese telecom giant Huawei's main rivals in the 5G market, said earlier this year it hadn't felt any effects from US pressure on countries to ban Huawei's equipment amid fears that it could compromise the security of the mobile phone networks.
US electronics behemoth Intel has made the decision to withdraw from the 5G smartphone modem business following the unlikely resolution agreement that was brokered between Qualcomm and Apple.
Apple and Qualcomm managed to settle the dispute between both parties over royalty payments and reached a deal ahead of fresh court case that was set to get underway in San Diego next week.
The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Following the announcement the dispute had been resolved Intel wasted no time in exiting the 5G smartphone modem business.
Intel had clearly recognized and identified that there was an opportunity for them to capitalize on the dispute between Apple and Qualcomm, and then Apple had turned to Intel before reaching the agreement with Qualcomm.
The lawsuit was expected to be a protracted legal battle, but after the unlikely resolution it’s expected that Apple and Qualcomm will now become partners again before there fall out in 2017.
Intel issued a statement in which it indicated that it would complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other data-centric devices while pursuing investment opportunities in its 5G network infrastructure business.
CEO Bob Swan insisted that 5G will remain a key focus for the US electronics conglomerate and said its diverse portfolio of products will help them to become a major player in the 5G space.
Swan said, “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."
The company also added that it would meet commitments to customers for its existing 4G smartphone modem product line, though it has no plans to launch 5G smartphone modem products, including those previously set to premiere in 2020
Currently under deployment, ultra-fast 5G wireless networks require terminals that are equipped with 5G models and specific network infrastructure.
Ericsson and Orange have partnered to launch 4G networks in Sierra Leone in the nation’s capital of Freetown which will be providing its residents with fast and reliable 4G access.
US technology giant Apple is reportedly mulling over the prospect of entering into an unlikely partnership with Chinese vendor Huawei in an effort to address issues with the modem technology in its flagship iPhones.
Bouygues Telecom Entreprises is constantly on the hunt for innovations to boost the digital growth of companies. This is why it announced recently the signing of a strategic partnership with the SD-WAN benchmark player, Versa Networks. Thanks to the technological contribution of this pure player, Bouygues Telecom Entreprises will be in a position to propose a simple, powerful and innovative solution to companies looking for centralized and secure control of their own networks.
Telecom Egypt announced that it has signed a Memorandum of Understanding (MoU) with Nokia to introduce 5G network and test use cases This announcement took place during the GSMA Mobile World Congress (MWC) in Barcelona, Spain. The MoU has been signed by Adel Hamed, Managing Director and Chief Executive Officer of Telecom Egypt, and Amr K. El Leithy, head of the Middle East and Africa market, Nokia, in the presence of a number of dignitaries from the two companies.
Under this MoU, collaboration between the two sides will focus on 5G deployment as well as the evaluation of appropriate use cases of the 5G technology in the Egyptian market. As a matter of fact, this MoU represents a turning point for Telecom Egypt towards its digital transformation strategy, particularly because the company has already a set of state-of-the-art 5G-ready solutions and services from Nokia.
Adel Hamed, Managing Director & CEO of Telecom Egypt, said: “We are delighted to sign this MoU with our strategic partner Nokia which paves the way for the development of 5G use cases in Egypt. This MoU marks a new chapter of the partnership between the two companies as it will allow our company to support the realization of the digital transformation strategy in Egypt.
We are confident that Nokia with its global expertise will help us maintaining our leading position in providing the best and latest technological solutions to our customers. This is also an ideal opportunity for us to put a strategic roadmap to develop our network capabilities and make sure of its readiness to deploy 5G technologies.
Amr K. El Leithy, head of the Middle East & Africa market at Nokia, said: “This MoU is part of the long-term strategic partnership between the two companies. Nokia, as one of the global leading providers of network and communications technology, is keen to provide the latest communications technologies to the Egyptian market.
We are committed to innovating new and exciting 5G solutions to meet the business objectives of our operator customers. 5G solutions will allow Telecom Egypt to proactively address the increasing data traffic, create new revenue streams as well as continue working on the improvement of customer experience".
Nokia and Telecom Egypt are working together to deploy 5G network with Nokia’s end-to-end 5G solutions that provides ultra-fast connectivity with ultra-low latency. This will allow the operator to flexibly support various use case scenarios and many business models in addition to connecting billions of Internet of Things (IoT) devices to enable smart cities and improve the quality of life for citizens.