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    ETEL   EGS48031C016

TELECOM EGYPT COMPANY

(ETEL)
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Telecom Egypt deploys Ciena's GeoMesh Extreme on its MENA Cable and Egypt's mesh network

11/25/2021 | 03:56am EST

Cairo, Egypt and Hanover, MD -- Telecom Egypt, Egypt's first integrated telecom operator and one of the largest subsea cable operators in the region, has deployed Ciena's WaveLogic 5 Extreme coherent optical technology to maximize capacity along the Mediterranean segment of Telecom Egypt's Middle East North Africa (MENA) submarine cable system and Egypt's mesh network.

Ciena's WaveLogic 5 Extreme gives Telecom Egypt the highest capacity per wavelength, which dramatically reduces the cost per bit, and provides the best-in-class spectral efficiency, highest bit rate per wavelength, space utilization efficiency, and power efficiency. Telecom Egypt also utilizes Ciena's Manage, Control, and Plan (MCP) next-generation domain controller that unifies network and service management, even across third party wet plants, to automate the submarine network's operations. Additionally, the embedded real-time network monitoring enables the creation of a new breed of network that can rapidly accommodate unpredictable traffic demands and optimize capacity across any path.

Jamie Jefferies, Vice President and General Manager, International, Ciena, said:

"Submarine cables are critical infrastructure that underpin and power the connectivity needs of today's global internet user base. Ciena's GeoMesh Extreme submarine network solution, powered by WaveLogic 5 Extreme, allows Telecom Egypt to realize huge savings in power, footprint, latency, and cost. In addition, the adoption of MCP also supports a network that is intelligent, automated, and simpler to manage."

Adel Hamed, Managing Director and Chief Executive Officer at Telecom Egypt commented:

"The deployment of Ciena's WaveLogic 5 Extreme on our MENA cable is an important achievement that will support the increasing global demand for bandwidth services. We are very keen on collaborating with renowned market players to obtain and utilize the latest solutions that increase our network capacities and provide our customers with unmatched network solutions."

The MENA Submarine Cable is an 8,800km system that connects Italy, Egypt, Saudi Arabia, Oman, and India and serves as a vital piece of infrastructure that transmits international traffic. Mena Cable,

through the new technology, offers Telecom Egypt's Mesh Network a new gateway to Europe through Italy, in addition to the current one in Marseille. Telecom Egypt's next-generation optical mesh network, on the other hand, is a system that spans the Mediterranean Sea, crosses Egypt, and extends to Singapore, integrating terrestrial and subsea cables.

About Telecom Egypt

Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering its enterprise and consumer customers the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. Aside from its mobile operation "WE", the company owns a 45% stake in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on The Egyptian Exchange and the London Stock Exchange. Please refer to Telecom Egypt's full financial disclosure on ir.te.eg

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive NetworkTM in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world's most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CIENA CORPORATION -1.97% 70 Delayed Quote.-9.06%
TELECOM EGYPT COMPANY 0.18% 16.9 End-of-day quote.0.78%
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Sales 2021 35 614 M 2 274 M 2 274 M
Net income 2021 7 201 M 460 M 460 M
Net Debt 2021 20 672 M 1 320 M 1 320 M
P/E ratio 2021 4,28x
Yield 2021 3,94%
Capitalization 28 850 M 1 832 M 1 842 M
EV / Sales 2021 1,39x
EV / Sales 2022 1,23x
Nbr of Employees -
Free-Float 20,0%
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Managers and Directors
Adel Hamed Ibrahim Gadalla Director-International & Operations Support
Mohamed Hassan Shamroukh Gomaa Director-Corporate Strategy
Maged Ibrahim Osman Chairman
Antar Kandil Director-Information Technology Operations
Mohamed Al-Fowey Chief Technology Officer & Vice President
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