Grid Telecom, Tamares to extend Cyprus-Israel telecoms cable to Greece

Holding Admie Ipto SA

18/05/2023 10:58

ATHENS, May 18 (Reuters) - Greece's Grid Telecom
 ADMr.AT  and Tamares Telecom have agreed to build an undersea
optic fibre telecoms cable to connect Cyprus and Israel to
Greece, the two companies said on Thursday.
    Tamares, a unit of Aluma Infrastructure Fund  ALUMA.TA ,
owns and operates a high-capacity undersea cable link from
Israel to Cyprus, which is being extended to mainland Europe,
Tamares said in a joint statement with IPTO's unit Grid Telecom.
    Through its partnership with Grid Telecom, Tamares will
increase its entry points to Europe via Greece, by building an
alternative low-latency eastern gateway to the Balkans and other
destinations in central and Western Europe, it said.

 (Reporting by Angeliki Koutantou
Editing by Mark Potter)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))