South Korea’s Giga Global For Telecom & Technology (GGTT) and Korea Telecom will be supplying the Suez Canal with its new technology system that should help increase the internet speed in the area to 1GBps, Korea Telecom Chairman and CEO Chang-Gyu Hwang announced at a press conference yesterday, Al Mal reports. The two sides signed an agreement to that effect yesterday, but provided no details on the value or timeline of the contract.

Tags: