Tata Communications has announced the expansion of its Global VPN service to Egypt through a partnership agreement with TE Data S.A.E., a subsidiary of Telecom Egypt S,A.E. (LSE: TEEG) and Egypt''s largest P-based data communications carrier. Tata Communications and TE Data have interconnected their respective MPLS (Multi-Protocol Label Switching) infrastructures, setting up multiple, redundant network-to-network interconnection (NNI) points between the two companies connecting Tata Communications'' European and Indian network hubs with TE Data''s facilities in Egypt in order to serve enterprise customers'' growing worldwide connectivity needs.
Egypt''s GDP (Gross Domestic Product) growth over the last five year has averaged at about six per cent mainly on expanding domestic demand. Egypt acts as a major gateway for trade with the Middle East and North Africa due to the tree trade agreement between 20 African countries - COMESA. Following a 25-per cent year-on-year real increase in 2007, investments continue growing at full speed, surging by about 30 per cent year-on-year thus far in 2008(1). According to the Confederation of Indian Industry (CII), investments from India alone are expected to cross $1.5 billion by 2009.
The NNI agreement allows Tata Communications to seamlessly extend its current end-to-end service capabilities by incorporating the TE Data''s IP MPLS network footprint in Egypt, using more than 800 access points-of-presence. This will enable the Company''s VPN customers to benefit from superior connectivity to and from Egypt while experiencing the same security, redundancy and quality of service offered on the Tata Communications network.
This agreement is the latest in Tata Communications'' plans to continue to develop and expand its global coverage. Tata Communications already offers its MPLS services in almost 40 countries and expects to reach over 50 by the end of 2008. It is also increasing the resiliency and depth of its international network with new dual PoPs in four countries and new PoPs in 8 cities within its existing country footprint. Tata Communications also offers extended reach to over 160 countries through its VNO Services division. The company made this announcement during the trading hours today, 14 April 2008.
Egypt''s GDP (Gross Domestic Product) growth over the last five year has averaged at about six per cent mainly on expanding domestic demand. Egypt acts as a major gateway for trade with the Middle East and North Africa due to the tree trade agreement between 20 African countries - COMESA. Following a 25-per cent year-on-year real increase in 2007, investments continue growing at full speed, surging by about 30 per cent year-on-year thus far in 2008(1). According to the Confederation of Indian Industry (CII), investments from India alone are expected to cross $1.5 billion by 2009.
The NNI agreement allows Tata Communications to seamlessly extend its current end-to-end service capabilities by incorporating the TE Data''s IP MPLS network footprint in Egypt, using more than 800 access points-of-presence. This will enable the Company''s VPN customers to benefit from superior connectivity to and from Egypt while experiencing the same security, redundancy and quality of service offered on the Tata Communications network.
This agreement is the latest in Tata Communications'' plans to continue to develop and expand its global coverage. Tata Communications already offers its MPLS services in almost 40 countries and expects to reach over 50 by the end of 2008. It is also increasing the resiliency and depth of its international network with new dual PoPs in four countries and new PoPs in 8 cities within its existing country footprint. Tata Communications also offers extended reach to over 160 countries through its VNO Services division. The company made this announcement during the trading hours today, 14 April 2008.
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