Greece’s Grid Telecom – Telecom Egypt signal memorandum on telecoms interconnection

Grid Telecom – a subsidiary of Greece’s Impartial 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 on Wednesday.

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 specific geostrategic significance,” famous minister Pierrakakis. He added that by way of Greece’s telecommunications system, the MoC “will increase the nation’s worldwide connectivity and the quantity 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.”

On the sidelines, bilateral talks have 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.

AMNA