Telecom Egypt, which already owns a 45 per cent in Vodafone Egypt, approached UK-based Vodafone about buying the remaining stake.
Airtel says to avail alternative routes to keep services on.
Tata Communications said it has signed a partnership agreement with TE Data SAE for expanding its global VPN services to Egypt. TE Data SAE is a subsidiary of Telecom Egypt and is a leading P-based data communications carrier. Both the companies have interconnected their respective infrastructures, thus setting up multiple, network-to-network interconnection (NNI) points that would connect Tata Communications' European & Indian network hubs with TE Data's facilities in Egypt.
Tata group company VSNL has signed an MoU with leading global telecom firms to construct a new submarine cable linking India, the Middle East and Western Europe.
Tata group company Videsh Sanchar Nigam Ltd today said it is constructing a $250-million (about Rs 988 crore) worth cable system for linking Mumbai directly to Paris, London and Madrid via Egypt.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
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