Nokia and Telecom Egypt announced they will build the first cloud infrastructure in Egypt exclusively for Internet of Things (IoT) services.
Telecom Egypt will use Nokia's Worldwide IoT Network Grid (WING) as a Service as the platform to launch IoT services for the enterprise segment later this year.
Nokia WING enables operators like Telecom Egypt to offer IoT services to enterprises on a global scale. Telecom Egypt will be able to tap into the growing IoT market fast and cost-effectively due to the Nokia WING one-stop model, which includes a worldwide IoT Infrastructure-as-a-Service and pay-as-you-grow business model. WING enables Telecom Egypt to provide global IoT service at almost local prices as opposed to more expensive roaming prices.
As part of a Memorandum of Understanding (MoU), Nokia and Telecom Egypt will also explore joint marketing initiatives and will work to accelerate the development of an IoT partner ecosystem in the country. A number of IoT use cases drive automation, which will help enterprises cut their operational expenses, enhance productivity and bring new services to market faster.