Mobily inks EMEA submarine cable deal
Riyadh, January 28, 2014
Saudi-based telecom operator Mobily said it has inked an agreement to build and maintain a new submarine cable (AAE-1) with very high capacity to link the countries of the Far East to Europe through the Middle East and Africa.
The agreement, which includes seventeen global operators in Europe, Asia and the Middle East, was signed during a crucial meeting in Hong Kong, said Amer Mowafi, the senior executive VP for Wholesale & Carrier Services at Mobily, who signed the agreement.
The 25,000 km long submarine cable extends from Hong Kong in the Far East to France in Europe, he stated.
It will be the first submarine cable linking the Far East to Europe at the possible lowest rate of delay and high transfer capacities ranging up to more than 40 terabits which will contribute significantly to the growth of the business volume in the countries passing through.
Khalid Al- Kaf, Mobily’s managing director and CEO said "Today we are living in the transformation phase that will shift Mobily from a telecom company to data services provider. Today we are building a brighter future for the company and our customers, as these agreements will have a significant impact on the achievement of this goal."
Mobily expressed delight at being a part of a constellation of the largest companies in the region that have signed the agreement.
"I would like to thank all the friends in other telecommunications companies on the great work they have given to make this agreement a reality and we are waiting to see the new submarine cable after two years from now," said Al Kaf.
The submarine cable, once completed in 2016, will connect Hong Kong, Vietnam, Malaysia, Singapore, Thailand, India, Pakistan, Saudi Arabia , Oman, United Arab Emirates , Qatar, Yemen , Djibouti, Egypt , Greece, Italy and France.-TradeArabia News Service