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Tuesday, 4 January 2022

Malta breaks ground on subsea internet cable connecting to Egypt

Malta breaks ground on telecom cable connecting to Egypt: Malta yesterday began laying a 55 km-long subsea telecommunications cable that will link the country to a longer subsea line stretching from France to Egypt via Cyprus, Times of Malta reported. The Malta branch of the cable, set to be fully operational by March, is part of the 15k-km long Pakistan, East Africa and Europe for Connecting International Networks (PEACE) internet cable that is planned to run from France to Asia and down the east coast of Africa via Egypt.

Our part in PEACE: Telecom Egypt signed a USD 45 mn landing agreement for the PEACE cable across Egypt in 2015. The cable will cross Egypt through new terrestrial routes between the Zafarana and Abou Talat cable landing stations, TE said in 2019. The Abou Talat-Cyprus stretch of the cable was completed in August last year, according to Times of Malta.

Other things we’re keeping an eye on this morning:

  • Office furniture importer and distributor Keendex is looking to build an EGP 50 mn factory in Sixth of October city, company head Mostafa Ibrahim said.

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