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Telecom Egypt disputes move to turn data center complex into ‘cash-generating asset’

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State-owned operator Telecom Egypt has rejected reports on plans to turn its regional data center complex into a “cash-generating asset.”

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State-owned operator Telecom Egypt has rejected reports on plans to turn its regional data center complex into a “cash-generating asset.” Daily Egyptian newspaper Al-Mal reported on 30 March that Telecom Egypt was considering converting its regional data center complex into a “cash-generating asset” to support its expansion plans and grow its business in the local market. It is unclear if "cash generating asset" meant plans to offer colocation space from the site in Cairo, or to sell the property. But Telecom Egypt issued a release on the Egyptian Exchange the same day saying that “there are no new developments in this matter” and that it will publish any updates under its “commitment to transparency and disclosure principles.” Telecom Egypt operates 11 data centers across seven Egyptian cities, including the country’s largest data center in West Cairo’s Smart Village.

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