Telecom Egypt signs deal for undersea cable network

Egypt's fixed-line monopoly Telecom Egypt (TE) will help build a $700 million undersea cable system connecting Europe, the Middle East and India, as part of a global consortium, TE said.

Telecom Egypt signs deal for undersea cable network

In a statement seen Wednesday, it said the Europe India Gateway (EIG) cable system would "significantly enhance capacity and diversity between the countries of these regions", and provide interconnection with other cable systems connecting Europe, Africa, Asia and North America.

The 15,000 km (9,000 mile) system is expected to become operational in the second quarter of 2010 and connects 13 countries and three continents, according to the statement.

TE said its partners in the consortium were AT&T, Bharti Airtel, BT, Cable & Wireless, Djibouti Telecom, Du, Gibtelecom, Maroc Telecom, Libyan Post, Telecom and Information Technology Company, MTN Group, Omantel, Portugal Telecom, Saudi Telecom Co, Telkom SA Ltd, and Verizon Communications Inc's business unit.

The consortium signed a supply contract with Alcatel-Lucent and Tyco Telecommunications for the construction of the cable system, the release added.

Also on Wednesday, TE said it had signed a contract worth $50 million to sell optical fibre pairs to the Europe India Gateway in the Egyptian company's TE Transit Corridor, the infrastructure linking the Red and Mediterranean Seas.

Reuters

Last Mod: 07 Mayıs 2008, 14:33
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