Egypt’s pioneer integrated telecom operator, Telecom Egypt has signed a Memorandum of Understanding (MoU) with one of the largest subsea cable operators in the world, 4iG Plc based in Budapest, Hungary, to link the North African country to Albania via a point-to-point, high capacity subsea cable.
The MoU, which was signed in Cairo by Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, and Gellért Jászai, Chairman of Board of Directors at 4iG Plc, is aimed at “promoting cooperation between Egypt and Hungary by constructing a new subsea cable between Egypt and Albania in order to enhance connectivity”, Nasr said.
According to Nasr, the agreement represents a qualitative addition to the existing Mediterranean routes, connecting to the main internet points of presence (PoP) in Europe, such as the ones in Budapest, Vienna, and Frankfurt, in addition to numerous potential PoPs in Eastern Europe.
“With an open access model and multiple branching units, the system is set up to be a new European cable entry point via Albania.
“The most important pillar in this cooperation is that it comes within the framework of the strategy targeting Eastern Europe with the aim of enhancing business sustainability and future expansions.”
The subsea cables connection will see Egypt expand its international digital infrastructure, especially as more than 90% of the data transferred between the East and the West passes through Egypt, Nasr added.
Ambassador of the Republic of Hungary to Egypt, András Kovács, who signed on behalf of his country, said of the agreement:
“This cooperation agreement is strongly supported by the Republic of Hungary, pointing out that there are ongoing strategic cooperation efforts between Egypt and Hungary at the political level and also in specialized fields.
“We hope that such agreements would enhance cooperation between the two countries in the field of ICT and help expand governmental collaboration between the Egyptian and the Hungarian Ministries of Communications and Information Technology.
“These efforts will resonate in the business sector, especially as many Hungarian ICT companies are getting more interested in exploring investment opportunities in Egypt”.