{"id":547500,"date":"2022-06-23T04:37:46","date_gmt":"2022-06-23T04:37:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/subsea-cables-with-greece\/"},"modified":"2022-06-23T04:37:46","modified_gmt":"2022-06-23T04:37:46","slug":"subsea-cables-with-greece","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/subsea-cables-with-greece\/","title":{"rendered":"Subsea cables with Greece"},"content":{"rendered":"<p><strong>Egypt and Greece will lay a new subsea data cable across the Mediterranean<\/strong> under an agreement signed by Telecom Egypt and Greek telecoms company <strong>Grid Telecom<\/strong>, TE said in a <a href=\"https:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/166\/Telecom-Egypt-and-GRID-Telecom-sign-a-head-of-agreement-for-a-new-subsea-link-between-Egypt-and-Greece\">press release<\/a>. The cable is set to up data traffic between Europe, Asia, and Africa, the release read, \u201ccreating a new reliable telecommunications corridor interconnecting the three continents.\u201d<\/p>\n<p><strong>TE loves subsea cables:<\/strong> The state-owned telecoms firm is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c2217e6-64f5-41b1-b7a8-3cb301be4199\">upping<\/a> its 14 Mediterranean and Red Sea subsea cable systems to 18 by 2025.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The <strong>Egyptian African Arab Co. for Development<\/strong> (<a href=\"https:\/\/egaad.net\/\">EGAAD<\/a>) signed an agreement with UK investor <strong><a href=\"https:\/\/stronghold-finance.com\/\">Stronghold Global Finance<\/a><\/strong> to finance projects in Africa. (<a href=\"https:\/\/ent.news\/2022\/6\/EGAAD.pdf\">Statement, pdf<\/a>)<\/li>\n<li>Lebanese insurer <strong>Chedid Capital Holding<\/strong> has received a license to start operations in Egypt under local subsidiary <strong>Chedid Ins. Brokers Egypt<\/strong>. (<a href=\"https:\/\/ent.news\/2022\/6\/Chedid-Insurance-Brokers-Cairo-draft-English-Press-Release.pdf\">Statement, pdf<\/a>)<\/li>\n<li><strong><a href=\"https:\/\/www.euromed.com.eg\/\">Euromed for Medical Industries<\/a><\/strong> plans to build an EGP 200 mn factory for medical supplies next year. (<a href=\"https:\/\/bit.ly\/39EwT3h\">Al Mal<\/a>)<\/li>\n<li>Indonesian logistics firm <strong>J&T Express<\/strong> has launched in <strong>Egypt<\/strong> as part of its expansion in the MENA region, which saw it <a href=\"https:\/\/www.jtexpress.sg\/insights\/pr-jt-express-launches-in-the-middle-east\">recently enter<\/a> the <strong>UAE<\/strong> and <strong>Saudi Arabia<\/strong>. (<a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/j-amp-t-express-launches-network-in-egypt-further-expanding-global-footprint-839422914.html\">Statement<\/a>)<\/li>\n<li>Saudi <strong>Jamjoom Pharma<\/strong> has completed construction of its <strong>EGP 1 bn pharma factory<\/strong> in El Obour. (<a href=\"https:\/\/bit.ly\/3zQZdtT\">Al Mal<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt and Greece will lay a new subsea data cable across the Mediterranean under an agreement signed by Telecom Egypt and Greek telecoms company Grid Telecom, TE said in a press release. The cable is set to up data traffic between Europe, Asia, and Africa, the release read, \u201ccreating a new reliable telecommunications corridor interconnecting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,214,130,2086,72,381,181,2087,145,131,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547500","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cit","tag-construction","tag-egaad","tag-enterpriseam","tag-greece","tag-insurance","tag-jamjoom-pharma","tag-logistics","tag-manufacturing","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"cbad0805-29bc-4fa2-88f6-6a052c1ec37f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547480],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Subsea cables with Greece - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/subsea-cables-with-greece\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subsea cables with Greece\" \/>\n<meta property=\"og:description\" content=\"Egypt and Greece will lay a new subsea data cable across the Mediterranean under an agreement signed by Telecom Egypt and Greek telecoms company Grid Telecom, TE said in a press release. 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The cable is part of a system that will connect Europe, Asia, and Africa and\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604885,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/egypts-te-fiber-misr-sign-mou-on-subsea-fiber-optic-cable-services\/","url_meta":{"origin":547500,"position":2},"title":"Egypt\u2019s TE, Fiber Misr sign MoU on subsea fiber optic cable services","author":"enterpriseam admin","date":"16 December 2018","format":false,"excerpt":"State-owned Telecom Egypt has signed an MoU with systems integrator Fiber Misr to collaborate on providing submarine communications cable services, according to a CIT Ministry statement. The two companies will work together to service submerged fiber optic cables in the Mediterranean, Red Sea, Arabian Gulf, and off the coast of\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607272,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/telecom-egypt-to-extend-cross-mediterranean-medusa-subsea-cable-to-the-red-sea-adibs-new-sukuk-move\/","url_meta":{"origin":547500,"position":3},"title":"Telecom Egypt to extend cross-Mediterranean Medusa subsea cable to the Red Sea + ADIB\u2019s new sukuk move","author":"enterpriseam admin","date":"1 October 2023","format":false,"excerpt":"The state-owned company signed an agreement last year to land the cable at Port Said","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1681.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624668,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/te-allocates-usd-10-mn-to-maintenance-and-operations-work-on-subsea-mena-cable\/","url_meta":{"origin":547500,"position":4},"title":"TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable","author":"enterpriseam admin","date":"16 September 2018","format":false,"excerpt":"Telecom Egypt has reportedly allocated USD 10 mn to installation and maintenance work on its subsea MENA cable, sources tell Al Mal. TE had acquired MENA Cables from Orascom Telecom Media and Technology earlier this year in a USD 90 mn transaction, of which USD 40 mn represented the cost\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/te-egypt-to-participate-in-huge-subsea-africa-middle-east-internet-cable\/","url_meta":{"origin":547500,"position":5},"title":"TE Egypt to participate in huge subsea Africa, Middle East internet cable","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"TE Egypt to participate in huge subsea Africa, Middle East internet cable: Telecom Egypt (TE Egypt) is among a consortium of global telecoms firms partnering to lay a giant subsea cable between Europe, the Middle East and 16 countries in Africa, according to a joint press release (pdf). Known as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547500"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547500\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547480"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547500"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547500"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}