Mobily (Etihad Etisalat Company) signed a Memorandum of Understanding (MoU) with Telecom Egypt to build the first submarine cable system to directly connect Saudi Arabia to Egypt.
The MoU explores various new ways to connect international capacity to Europe through Telecom Egypt’s network, and to the GCC in the east through Mobily’s network. This will happen by expanding the two companies’ networks and connecting them to neighboring countries.
“By adopting cutting-edge technologies, we continue to expand our infrastructure and scale our capabilities across the KSA and the wider region. We are confident that our strategic partnership with Telecom Egypt will help achieve our goals,” Salman Al-Badran, CEO of Mobily, said.
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.
“We are pleased to build this strategic collaboration with Mobily, which helps increase the scale and reach of our networks, and adds more connections with KSA,” Adel Hamed, Managing Director and CEO of Telecom Egypt, added.
Read more: Mobily and Ericsson Partner to Launch Financial Services in Saudi
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