Telecom Egypt and 4iG sign an MoU to construct a high capacity subsea cable
2023-10-04 17:04 [Médiainfó - www.mediainfo.hu]
Telecom Egypt and 4iG sign an MoU to construct a high capacity subsea cable between Egypt and Albania.
Telecom Egypt, Egypt's first integrated telecom operator and one of the largest subsea cables operators in the region, and 4iG Plc, the Budapest-based info-communications company, have signed a Memorandum of Understanding (MoU) to link Egypt and Albania via a point-to-point high capacity subsea cable. With an open access model and multiple branching units, the system is set up to be a new European cable entry point with a different transit passage compared to the already existing Mediterranean routes to the main internet Point of Presence (PoP) such as the ones in Frankfurt in addition to numerous potential Points of Presence in Eastern Europe.
The two companies aim to gain a significant share of the huge and rapidly growing market of data traffic between Europe and Asia, and also between Europe and East Africa.
The agreement enables 4iG Group to enter as a new player the market for intercontinental data transmission infrastructure between Europe and Asia, and Europe and East Africa.
The agreement, which was signed in Cairo by the MD & CEO of Telecom Egypt and the Chairman of Board of 4iG Plc.
Albania is privileged with its strategic location as one of the prominent gateways and entry points to Eastern Europe. Backed with a secured cross-borders terrestrial infrastructure, it will facilitate onward connectivity and access to various key destinations.
Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, commented:
"We are pleased to cooperate with 4iG, which sets the ground for adding a brand new diverse entry point to Europe, facilitating the routing of the African and Asian traffic to the main Points of Presence in Europe. This goes in line with Telecom Egypt' strategy to diversify the Mediterranean basin crossing options through open and resilient routes from Egypt to Europe to increase our partners connectivity options. Our continuous endeavors to collaborate with industry mega industry players stems from our keenness to offer seamless connectivity options to our partners and ultimately to the end users both regionally and globally."
The subsea cable system will be leveraging the newly-launched open and neutral ecosystem, "WeConnect", as an enabler ensuring seamless cross-connection with multiple subsea systems and offering our customers robust connectivity solutions and access to Egypt's rich infrastructure. "
Gellért Jászai, Chairman of Board of Directors at 4iG, stated:
"The signing of this Memorandum of Understanding with Telecom Egypt represents a significant milestone for 4iG Group. Leveraging our extensive experience in the Central and Eastern European transit business, this partnership marks our entry into a new and strategically important business field: intercontinental connectivity. The Group further strengthens its presence in the regional market with the establishment of a new data gateway in Albania for the Balkans, and the expansion of international optical transit routes will create new opportunities for cooperation with countries in the region."
With an established history of over 165 years, and a vast expertise in pioneering the subsea intercontinental connectivity, Telecom Egypt is the partner-of-choice for a growing 160 major subsea cable players worldwide. The company spares no effort to develop a varied portfolio of offerings using cutting-edge solutions to keep pace with the increasing global demand for international connectivity and diversity, while providing the shortest and most reliable routes for its global partners. This has been evident through the significant investments Telecom Egypt has made to diversify its subsea cables infrastructures from landing points and cable systems to both terrestrial and subsea routes, whether inside Egypt or in other varied locations worldwide.
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Partnerségre lépett a montenegrói kormány és a 4iG csoport
