Telecom Egypt cooperate with Hungary's 4iG group to establish submarine cable

Telecom Egypt and Hungary's 4iG Group recently signed a memorandum of understanding (MoU) to construct a submarine communications cable connecting Egypt and Albania. The agreement aims to bolster cooperation between the two countries in order to enhance connectivity through submarine cable systems, according to the Minister of Communications and Information Technology, Amr Talaat, the Cabinet stated.

The collaboration is part of a broader strategy to strengthen business continuity and facilitate future expansions in the Eastern European region, Talaat added. Egypt, due to its advantageous geographical location, plays a crucial role in international data transfer between the East and the West, with over 90 percent of the data volume passing through its territory.

The newly planned submarine cable will serve as an additional route between Egypt and Europe, connecting Egypt with vital contact points in the European Union. Currently, Egypt already has 14 international submarine cables, and there are plans to establish five more through international alliances, Minister of Communications and Information Technology, Amr Talaat stated.

The MoU was signed by the Managing Director and Chief Executive Officer of Telecom Egypt, Mohamed Nasr, and Chairman of the Board of Directors of 4iG Group, Gellert JaszaI. The signing ceremony was attended by Ambassador of the Republic of Hungary in Cairo, Andras Kovacs, and a number of representatives from the Ministry of Communications and Information Technology and the Egyptian Telecom Company.

The Hungarian Ambassador emphasized the strong strategic cooperation between the two countries, particularly in the fields of communications and information technology. Hungarian companies are also keen on investing In Egypt's IT sector.

JaszaI stated that the signing of the MoU represents their entry into the international market for communication infrastructure services. The agreement aims to secure a significant share of the expanding data market between Europe and Asia, as well as Europe and Eastern and Southern Africa. This move allows the 4iG Group to establish a presence in the data transfer infrastructure market across continents, connecting Europe, Asia, and East Africa.