Egyptian Internet Company in a 3-way $100 Million Deal

Source: EDULIX

Noor Advanced Technologies, an Egyptian Internet and Web-based technology company, announced on January 16, 2001 a three-way $100 million deal with Cisco Systems and NCR Corporation. The combination of networking technology from Cisco, together with the data-center and telecommunications integration by NCR will give Egypt's business and home users an alternative for high-speed Internet access, content hosting and portal services.

This project, the first phases of which will be rolled out by the end of the year, makes Noor one of the region's biggest Internet and communications service providers, it was learnt. The communications network, based on Cisco's multiservice IP + ATM networking technology, will give customers (both home and business) access at 60 nodes around the country, with multiple tens of megabits-per-second data links to the rest of the Internet, and hundreds of megabits-per-second of bandwidth available for broadband access within Egypt.