Following up on its announcement in February of a memorandum of understanding, Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region, and Grid Telecom, a wholly owned subsidiary of the independent power transmission operator (IPTO) in Greece, have signed a collaboration agreement to build a subsea system connecting Egypt and Greece.
This agreement, say the partners, is a testimony of the strategic cooperation between Telecom Egypt and Grid Telecom. It is in line with Telecom Egypt's strategy of strengthening its infrastructure, expanding its international network, and increasing its entry points to Europe by providing an eastern gateway via Greece through the new subsea system.subsa
The system will connect Port Said in Egypt to Crete island, making it the shortest, lowest-latency Mediterranean path between Egypt and Europe, extending northwards to the Balkans region and adjacent important destinations in Central and Western Europe, and southwards to the Arabian Peninsula and other regions in Africa and Asia. This also reinforces Egypt’s strategic position as an international telecommunications hub linking the East and West.
Earlier this year, Telecom Egypt and Grid Telecom signed a strategic memorandum of understanding, which lay the groundwork for the exploration of different connectivity options between Greece and Egypt through existing and future optical fibre links. This was followed by the signing of a Heads of Agreement to build this new subsea system, extending the mutual international reach to neighbouring countries.
