Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Vodafone Egypt clinches Sarcom content to boost internet service
Published in Daily News Egypt on 21 - 08 - 2008

CAIRO: If the traditional ADSL internet providers aren't looking over their shoulders, they ought to be.
Telecom giant Vodafone thinks it has the recipe to dominate the internet market in Egypt, and as proof it announced Tuesday its intention to buy a majority stake in content provider Sarmady Communications (Sarcom).
The deal, the details of which are being kept strictly under wraps, will greatly expand Vodafone's ability to support its internet services with content.
It's all part of Vodafone's aggressive growth strategy.
Eager to "see what companies might help us accelerate our internet growth, the company took a broad look at groups that might fit the bill, Jonathan Bill, head of internet and content services at Vodafone, told Daily News Egypt
Sarcom was a clear standout.
"The attraction to Sarcom, added Bill, "is that they provide the flipside of the internet. We provide the access and they provide terrific content.
Bill argued that one of the distinct advantages Vodafone has over the traditional ADSL providers is that the rural market is virtually untouched. Part of the reason for this is the difficulty in routing landlines to remote parts of the country.
In addition to its major role in the mobile internet market, Vodafone also offers fixed ADSL access.
The wireless options Vodafone offers, however, it believes gives it a leg over the competition.
It's Vodafone Live service, for example, serves as a mobile internet portal.
"We absolutely believe that we have a significant place to play in the internet, said Bill.
Though Vodafone's purchase of Sarcom serves as a serious indication of the direction internet service is heading, the partnership between these two companies is nothing new.
Bill cites a five year relationship that helped lay the groundwork for this week's deal. Over the course of the relationship, Sarcom primarily provided sports content to Vodafone.
If Vodafone is successful in its continued efforts to build an internet empire, the potential rewards could be tremendous.
With its desire to provide both access and content, Vodafone has the potential to drive a significant push in advertising revenue.
Sarcom offers a diverse array of content, including FilGoal.com, which had 160 million page views last year alone; ContactCars.com; FilBalad.com; and iCroc.com.
In a statement to the press, Vodafone Egypt CEO Richard Daly said, "This acquisition is pivotal in moving Vodafone into the heart of the internet space in Egypt and we can see both significant opportunities for advertisers and a great experience for consumers as a result.
Meanwhile, Cornelius O'Donnell, CEO of Sarcom, said, "We are thrilled to be joining forces with a global leader like Vodafone. The investment capacity from Vodafone Egypt coupled with our already strong working relationship will enable us to provide ever-richer content to customers as well as develop digital advertising in Egypt. We believe there are exciting growth opportunities with this expanding industry.
Telecom Egypt, which owns a 45 percent stake in Vodafone Egypt, said the jump in its latest quarterly results was helped by its stake in the mobile phone operator. Earnings from Vodafone Egypt jumped 25 percent to LE 330 million.
"The mobile market in Egypt is growing and Vodafone is clearly outperforming the other operators, Telecom Egypt Chairman Akil Beshir told Reuters.
With 15 million current subscribers, Vodafone is the second largest mobile telecommunication company in Egypt.
According to predictions by Research and Markets, by 2010 there will be an estimated 73 mobile phone subscriptions per 100 people, with the total number of subscribers reaching 57.3 million. This signifies more than a 36 percent increase, up from the current wireless penetration level of 56 percent and 42 million subscribers.
In a previous interview with Daily News Egypt, Hany Mahmoud, vice president of Vodafone Egypt, said the company plans to expand beyond its current role to become a "total telecommunication company. By offering numerous services through one provider, expanding its 3G coverage so less urban areas will have mobile access to wireless internet, and continuing to improve its customer care, Mahmoud said Vodafone hopes to have 20 million customers by the year 2010.


Clic here to read the story from its source.