Mobily, Telecom Egypt sign MoU to build first direct bilateral submarine cable system

Company executives at the signing ceremony

Etihad Etisalat Co. (Mobily) signed a strategic memorandum of understanding (MoU) with Telecom Egypt to build the first direct bilateral submarine cable system linking Saudi Arabia with Egypt, the Saudi-based telco said in a statement today, May 31.

The agreement explores various new ways to connect international capacity to Europe in the west, through Telecom Egypt's network, and to the GCC in the east, through Mobily's network. This is set to be achieved by expanding the two companies' networks and connecting them to neighboring countries.

The establishment of the new cable system aims to meet the rising communication traffic and the large demand for such services between Saudi Arabia and Egypt, the statement noted.