REG - Telecom Egypt S.A.E - SubCom & TE Complete IEX Cable Landings in Egypt

Telecom Egypt Co SAEAnnouncement

05/06/2024 13:15

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RNS Number : 2619R  Telecom Egypt S.A.E  05 June 2024

SubCom and Telecom Egypt Complete IEX Cable Landings in Egypt

5 June 2024: Telecom Egypt, the full-service telecom operator in Egypt and one
of the largest subsea cables operators in the region, and SubCom, the global
subsea data system supplier, along with the India-Europe-Xpress (IEX)
partners, announced the successful completion of IEX Subsea system's landings
in Egypt. The novel subsea system, which lands in Egypt at two cable landing
stations -- Zafarana2 on the Red Sea and Sidi Kerir on the Mediterranean --
connects two seas and two continents over two diversified trans-Egypt
terrestrial crossing routes. Upon completion, IEX will directly connect India
(Mumbai) to Europe (Milan, Italy), improving diversity along the route and
enabling partners to provide their customers with more advanced, high-capacity
services to meet the growing global digital demand.

By securing a smooth, speedy and flexible local cycle of permits, approvals
and landing related logistics, Telecom Egypt played a significant role in
facilitating the landing of this new, significant cable connecting Mumbai to
Europe in two major segments; with each segment designed for high-capacity
transmission with 13 fiber pairs. Telecom Egypt is providing IEX with landing
facilities and support in Egypt, as well as new diverse terrestrial crossings
between these facilities. On the other hand, SubCom was selected to engineer,
manufacture, and deploy the 10,000km IEX system, which includes their
space-division multiplexing (SDM) and Wavelength Selective Switch (WSS) ROADM
technology.

Being the nexus between three continents, and thanks to its extensive
coastlines on both the Red Sea and the Mediterranean Sea, Egypt is the most
reliable and trusted hub connecting Africa, Europe, and Asia. Building on its
well-established history in the subsea cable industry and the country's
remarkable geography, Telecom Egypt continues to successfully provide
unmatched crossing solutions to the international network of submarine cable
systems.

Mohamed Nasr, Managing Director and Chief Executive Officer of Telecom Egypt,
commented:

"Leveraging its cutting-edge infrastructure, Telecom Egypt played a pivotal
role in connecting the IEX subsea cable system terrestrially between the Red
Sea and the Mediterranean. By providing landing and crossing services at
Zafarana2 and Sidi Kerir landing stations, and linking them through two novel
crossing route diverse from those already used by the current 14 subsea
systems crossing Egypt, we are presenting our international partners with
unique opportunities via our state-of-the-art, highly reliable services and
continuously developed international infrastructure. IEX subsea system is the
fifth subsea to land in Egypt over the past decade and the tenth in terms of
landings count. In addition, it is the first landing to take place at Sidi
Kerir landing station and the fourth at Zafarana2. Through these important
projects, Telecom Egypt aims to diversify its services and consolidate its
placement as a main international telecommunications hub in the region. Our
mission is to develop our infrastructure in line with the latest technologies
and international standards, in addition to providing distinctive,
competitive, commercial offerings to our partners and customers both locally
and internationally."

 

David Coughlan, President and CEO of SubCom, commented:

"SubCom is very pleased to play a key role in the deployment of the IEX subsea
cable system and to mark this milestone with the IEX consortium and its
landing parties. Our team continues to demonstrate that when data-driven
organizations require reliability and expertise, SubCom has the capacity and
capabilities to transform any project vision into a reality."

 

- End -

 

 About SubCom

SubCom engineers, manufactures, and installs subsea fiber optic data cables -
the unsung heroes of global communication. With an unrelenting focus on
quality, reliability, and value, SubCom offers flexible end-to-end building
blocks for the high-tech networks that are the backbone of the world's digital
infrastructure. Since 1955, SubCom has deployed enough cable to circle the
equator more than 21 times. For more information, visit www.subcom.com
(http://www.subcom.com)

 

For more information, contact:

Courtney McDaniel

Email: info@subcom.com (mailto:info@subcom.com)

 

About Telecom Egypt

 

Telecom Egypt is a full-service telecom operator in Egypt, providing a wide
array of telecom services to a diverse customer base. Serving individuals,
communities, SOHOs, SMEs and large enterprises, Telecom Egypt offers a
comprehensive, innovative, and diversified portfolio of services, ranging from
fixed and mobile voice to essential data solutions that are crucial in today's
digital landscape. These services also include high-speed internet, smart
solutions, data center facilities, and cloud computing solutions tailored for
businesses. With a rich heritage of about 170 years, Telecom Egypt continues
to lead the Egyptian telecom market by providing cutting-edge technology,
robust infrastructure, and an extensive network of subsea cables to meet the
needs of its enterprise and consumer clientele. The company's pivotal role in
Egypt's telecommunications landscape is underscored by its expansive network
coverage, broad service range, and dedication to fostering innovation. Aside
from its mobile operation "WE", Telecom Egypt holds a significant 45%
ownership stake in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker:
ETEL.CA; TEEG.LN) are traded on the Egyptian Exchange and the London Stock
Exchange.

Please refer to Telecom Egypt's full financial disclosures on ir.te.eg
(http://ir.te.eg/en/)

For more information, contact:

The investor relations team

Email: investor.relations@te.eg (mailto:investor.relations@te.eg)

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