Cooperation between the two entities will result in significant expansion in digital infrastructure between Egypt and eastern Europe.
Telecom Egypt and Hungarys 4iG have signed an MoU for cooperation in the construction of a high-capacity submarine fiber optic cable to connect Egypt and Albania directly and from there to Eastern and Central Europe, with branches ready to connect other points along the route.
The cable represents a new international traffic entrance to the continent of Europe through Albania and adds a new and multiple path to traffic between Egypt and Europe. It also represents a qualitative addition to the current paths in the Mediterranean and connects the main communication points in Europe, such as Budapest, Vienna and Frankfurt, in addition to many potential communication points in the Eastern Europe region.
The memorandum signing was attended by Communications and Information Technology Minister Amr Talaat who explained that the memorandum is aiming to cooperate between Egypt and Hungary to promote ways of connection via submarine cables through the establishment of a cable between Egypt and Albania.
He added that Egypt is keen on expanding its international digital infrastructure, given that over 90% of data volume between the East and the West passes through Egypt due to its strategic location.