IPTO – Telecom Egypt agreement for new telecommunication interconnection Greece – Egypt

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The interconnection will be implemented through a branch of an underwater telecommunication cable, which is currently being laid in the Southeastern Mediterranean, with a landing point in Crete.

An agreement for a new telecommunication interconnection between Greece and Egypt was signed yesterday in Cairo by IPTO and Telecom Egypt.

The interconnection will be implemented through a branch of an underwater telecommunication cable, which is currently being laid in the Southeastern Mediterranean, with a landing point in Crete.

The agreement was signed by the President and CEO of IPTO Manos Manousakis, the CEO of Telecom Egypt Adel Hamed and the Director of Grid Telecom George Psyrris.

The project will serve the growing volume of data circulating in the Mediterranean region, with the creation of a new and reliable telecommunications corridor. In addition, the new cable will provide the fastest possible route to the Balkans and other major destinations in southwestern Europe such as Genoa and Marseille, via hybrid terrestrial and submarine telecommunications networks.

“Yesterday’s agreement confirms the good cooperation between IPTO and its subsidiary Grid Telecom with Telecom Egypt, and follows the Memorandum of Understanding (MoU) of strategic importance signed in February 2022 at IPTO headquarters in Athens, setting the “bases for exploring alternative connectivity options between the two countries”, IPTO emphasizes.

The President and CEO of IPTO Manos Manousakis stated:

“The Southeastern Mediterranean provides opportunities for synergies that will contribute to the emergence of the wider region as an important hub in both telecommunications and energy. Given that Egypt is a central meeting point of submarine cables from East to West, we are particularly pleased as the cooperation between IPTO and its Grid Telecom subsidiary Telecom Egypt will result in the creation of a new international route that will strengthen the strategic role of Crete as an open data access hub at the crossroads of three continents “.

The CEO of Telecom Egypt Adel Hamedstated:

“With the growing demand for connectivity regionally and globally, Telecom Egypt is working to improve and expand its international network and is constantly investing in new cable systems. Our cooperation with IPTO and Grid Telecom will significantly increase the resilience and scope of our network “.

Source: ΑΠΕ-ΜΠΕ

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