Telecom Egypt has signed a joint cooperation agreement with Grid Telecom, a subsidiary of the Independent Power Transmission Operator (IPTO), to connect Greece and Egypt using a submarine cable.
This came during a visit by a delegation of the Greek IPTO to Telecom Egypt headquarters in the Smart Village in Cairo, where the agreement was signed by Adel Hamed, Managing Director and CEO of Telecom Egypt, Manos Manosakis, Chairman and CEO of IPTO, and Georgios Besiris, Director of Grid Telecom.
This agreement comes within the framework of Telecom Egypt’s strategy to enhance its international infrastructure, expand its networks and access points across the Mediterranean, and open an eastern gateway to Europe through Greece.
The new cable is the shortest way to cross the Mediterranean region to the Balkans and other destinations such as Genoa and Marseille via land and sea routes, which in turn could contribute to strengthening Egypt’s strategic position as a global center for communications services and data traffic between East and West.
Source: State Information Service Egypt