7th Nov 2006 07:00
Telecom Egypt S.A.E07 November 2006 Telecom Egypt's Internet Subsidiary TE Data launches the First IP-TV based Entertainment Service in Egypt Cairo, 7th November, 2006: Telecom Egypt (TE) (Ticker: ETEL.CA; TEEG.LN)announced that it's Internet Subsidiary, TE Data, has launched the first IP-TVbased service in Egypt under the name TE-VU. TE-VU provides a range of streamingand Video on Demand (VoD) content to TE Data's existing and new ADSL subscribersover TE Data's IP MPLS network and Telecom Egypt's last mile copper lines. TE-VU, pronounced "TE View", demonstrates the capabilities of TE Data's IP MPLSnetwork to provide the next generation bandwidth intensive service. TE-VUinvolves the broadcasting of high quality TV channels and VoD on the TE Datanetwork. TE Data's current and new ADSL subscribers can subscribe to TE-VU andhave exclusive access to a variety of Streaming and VoD content. Commenting on the new service offering, Akil Beshir, Chairman of Telecom Egyptsaid: "The Internet and data business is one of the fastest growing segments in the TEGroup and the launch of the new IP-TV based service by our Internet subsidiaryTE Data is part of the group's strategy to provide tailored full servicesolutions to our customers. We have been and continue to be committed to thedevelopment of the broadband Internet market in Egypt and we look forward toseeing the take-up of the new service by our customers." TE Data's Vice Chairman and Managing Director, Emad El-Azhary commented: "TE Data's vision is to build one IP network to cater for all communicationsservices. TE-VU is a realization of this vision. Such a service will help usprovide unique value to our customers and raise our Broadband service ARPU." - Ends - For further information: Investor Relations Contacts Tarek Tantawy, CFA Director of Investment, Treasury & Investor Relations Telephone: +202 5788111 Fax: +202 5789314 Eman Anis Investor Relations Manager Telephone: +202 5788787 Fax: +202 5789314 E-mail: [email protected] Notes to Editors: About Telecom Egypt Telecom Egypt (TE), Egypt's incumbent telecommunications operator, started itsoperations in 1854 with the first telegraph line in Egypt. Then it wascorporatized in 1998 to replace the former Arab Republic of Egypt NationalTelecommunication Organization (ARENTO). The Company is the largest provider offixed-line services in the Middle East and Africa with 10.6 million subscribersas at the end of June 2006 representing a teledensity of 14.8 percent. TEprovides retail telecommunication services including access, local, longdistance and international voice, Internet and data, and other services. Thecompany also provides wholesale services including bandwidth capacity leasing toISPs, and national and international interconnection services. TE currently participates in the mobile segment in Egypt by providing mobileinterconnectivity and though its current 48.97% holding in Vodafone Egypt, oneof the two Egyptian mobile operators. TE's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Cairo andAlexandria Stock Exchanges and the London Stock Exchange. About TE Data TE Data is a 95% owned subsidiary of Telecom Egypt established in 2001 to act asthe retail Internet and Data arm of Telecom Egypt. The company is the fastestgrowing data communications and Internet services provider and the broadbandaccess market leader in Egypt. Currently, with operations in Egypt and Jordanand ambitious plans in other parts of the MENA region, TE Data's portfolioincludes narrowband and broadband Internet access services, managed dedicatedInternet access services, IP VPN connectivity services, global connectivityservices in addition to consulting and professional services. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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