Grid Telecom – a subsidiary of Greece’s Unbiased Energy Transmission Operator (IPTO) – and Telecom Egypt signed a Memorandum of Cooperation (MoC) for the submarine telecommunications interconnection between Greece and Egypt, at an occasion held in Athens.
The signing was held at IPTO’s headquarters by IPTO President and CEO Manos Manoussakis and Telecom Egypt Managing Director & CEO Adel Hamed. It was attended by Digital Governance Minister Kyriakos Pierrakakis, Egypt’s Minister of Communications & Data Know-how Amr Talaat, and the Chargé d’Affaires of the Egyptian Embassy in Greece Mohamed Elghazawy.
This settlement is “symbolic as a result of it deepens the 2 international locations’ relationship, which is of explicit geostrategic significance,” famous minister Pierrakakis. He added that when it comes to Greece’s telecommunications system, the MoC “will increase the nation’s worldwide connectivity and the amount capability of its knowledge. It additionally “contributes in our reaching an much more highly effective digital transformation of each the telecommunications system per se, in addition to the nation and its economic system.”
Wednesday’s signing follows up on the respective settlement for {the electrical} interconnection between Egypt and Greece in October 2021, CEO Manoussakis identified, being “IPTO’s contribution to Greece’s effort to turn out to be a hub for the transmission of electrical energy and knowledge within the southeastern Mediterranean.”
In his feedback, Minister Talaat stated he welcomes the MoC and the rising bilateral cooperation between the 2 international locations within the framework of the Euro-Mediterranean Partnership (EUROMED). He additionally underlined that “this recent cooperation between two strategic gamers within the area goals not solely to enhance their interconnection, however to additionally meet the rising present and future wants of nations in Africa, the Center East and Europe.”
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On the sidelines, bilateral talks had been additionally held between the 2 international locations’ ministers and high-ranking authorities officers on a number of points together with synthetic intelligence, innovation and entrepreneurship.
Firm profiles
As a subsidiary of IPTO, Grid Telecom offers telecom companies to nationwide and worldwide suppliers. With a home fiber optic community that presently exceeds 4,000km, it takes benefit of IPTO’s networks in Italy, the Balkans and Central Europe, and serves as a primary impartial hub in telecommunications companies in Europe. It additionally already offers fibre optics connectivity between the island of Crete and mainland Greece.
Telecom Egypt is the nation’s first built-in telecommunications firm, and one of many area’s largest submarine cable programs operators. Its world community extends to over 140 connection factors in additional than 60 international locations. It has invested closely in its submarine cable infrastructure, and offers the shortest connection route between Africa, Asia and Europe.
SOURCE; AMNA