[ad_1]
Hungarian telecom operator 4iG and Telecom Egypt have agreed upon the phrases of cooperation for the development of the categorical subsea cable between Albania and Egypt. This settlement follows the signing of a Memorandum of Understanding (MoU) in October 2023. Below the phrases of the settlement, each corporations will set up a three way partnership for the intercontinental subsea cable mission.
Additionally Learn: 4iG to Make investments HUF 150 Billion in Digital Infrastructure of Hungary by 2028
Albania and Egypt Hyperlink
The categorical subsea cable will create a high-capacity, intercontinental connection linking Africa and Asia—by way of the Pink Sea—to Europe, by way of Egypt, the Mediterranean, and Albania, stated the joint assertion.
4iG’s Chairman and Telecom Egypt’s Managing Director and CEO have signed the settlement in Budapest, Hungary, within the presence of the Minister of Nationwide Economic system of Hungary and the Minister of Communications and Data Know-how of Egypt, together with prime officers from each corporations.
As the primary cable to hyperlink the 2 international locations, the deliberate subsea cable’s Mediterranean route might be fairly distinctive, including one other layer of range to the standard Mediterranean routes linking Egypt to Italy and France, in response to the official assertion.
Strategic Significance
The hyperlink is predicted to seize a major share of the large and quickly rising knowledge visitors market between Asia, East Africa, and Europe. The cable system may have the choice to be prolonged to Mediterranean locations comparable to Libya, Cyprus, and Greece. Moreover, the preliminary configuration of the subsea cable may also embrace a department to Italy.
Additionally Learn: Telecom Egypt and ZOI to Set up Cable Hyperlink From Mediterranean Sea to Arabian Sea
Egypt’s finish of the cable will present entry to varied subsea cables working southeast by way of the Pink Sea to Asia and Africa, along with greater than 10 terrestrial trans-Egypt routes connecting the Mediterranean cable phase to different cable extension choices within the Pink Sea. On Albania’s finish, the system will present the shortest path to Frankfurt, in addition to different necessary worldwide visitors locations in Japanese and Central Europe and the Balkans, comparable to Sofia, Vienna, and Budapest.
Future Enlargement Plans
The Minister of Communications and Data Know-how of Egypt famous that greater than 90 % of the worldwide knowledge visitors between the East and the West passes by way of the nation. With 14 worldwide subsea cables at present in service, work is underway to determine one other 5 worldwide subsea cables by way of worldwide alliances.
Additionally Learn: Telecom Egypt and Naitel to Construct New Subsea Cable Between Egypt and Jordan
4iG is a Hungarian majority-owned firm based mostly in Budapest, Hungary, with a presence in Hungary and the Western Balkans. Telecom Egypt, other than its cellular operations model, “We,” owns a forty five % stake in Vodafone Egypt.
[ad_2]