REG - Telecom Egypt S.A.E - TE & Aqua Comms sign new crossing agreement

Telecom Egypt Co SAEAnnouncement

14/06/2022 08:30

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RNS Number : 7774O  Telecom Egypt S.A.E  14 June 2022

Telecom Egypt provides Aqua Comms with landing and crossing services for the
EMIC-1 subsea cable

 

Egypt, 14 June 2022: Telecom Egypt, Egypt's first integrated telecom operator
and one of the largest subsea cables operators in the region, and Aqua Comms,
a leading provider of global subsea connectivity services, announced today the
signature of a crossing and landing agreement for the Europe Middle-East India
Connect 1 (EMIC-1) subsea cable in Egypt.

Under this agreement, Telecom Egypt will provide EMIC-1, which is a new
intercontinental subsea cable and terrestrial fibre system, a seamless optical
path between East Africa, Asia, and Europe. This is the first modern cable
along this route, connecting up to 3 billion people to the internet and
accommodating for the growing demand for data of the world's fastest growing
regions. EMIC-1 ties into D9's (the owner of Aqua Comms) purpose, to improve
connectivity around the world and bridge the digital divide.

EMIC-1 will land in Ras Ghareb on the Red Sea, and Port Said on the
Mediterranean Sea side. The two landing stations are connected over two
diverse terrestrial routes, deploying next-generation of fibre optics. The new
routes are adjacent to the Suez Canal, between Suez and Port Said.
Additionally, this crossing will also include a third new marine path, the Red
Sea Festoon, that will link the Ras Ghareb and Suez landing stations with an
option of the Suez Canal Route (a.k.a. the Al Morshedeen route), linking Port
Said and Suez on the bank of the Suez Canal, offering a new level of
resilience and diversity to the crossing solution.

The Managing Director and CEO of Telecom Egypt, Adel Hamed, commented:

"We are pleased to offer Aqua Comms a seamless trans-Egypt crossing for their
new cable. For years, we have established tangible steps to revamp our
international infrastructure and increase our assets' geodiversity to keep
pace with the rising global demand for large bandwidth and global reach. We
believe that EMIC-1 will be a valuable addition to the subsea cables landing
in Egypt."

Nigel Bayliff, CEO of Aqua Comms, said:

"We are delighted to work with Telecom Egypt to deliver a highly resilient and
innovative solution that will be a critical part of our new EMIC-1 system.
This new system will connect the key hubs in Europe of Genoa, Marseille and
Barcelona with both Salalah, Oman and Mumbai, India serving these high-growth
markets with best-in-class connectivity services."

- Ends -

 

 

:About Aqua Comms

Aqua Comms is a leading provider of global subsea connectivity services
delivered through an extensive portfolio of owned and operated subsea systems.
 Aqua Comms offers connectivity networking solutions including managed
capacity services, spectrum and dark fibre to the global content, cloud and
carrier markets.

In April 2021, Aqua Comms DAC was acquired by Digital 9 Infrastructure plc
(D9), a London Stock Exchange listed fund with ticker DGI9, which is managed
by Triple Point Investment Management's Digital Infrastructure team.

To learn more about Aqua Comms and its portfolio of connectivity networking
solutions visit www.aquacomms.com (http://www.aquacomms.com) .

 

About D9:

D9 invests in the infrastructure of the internet that underpins the world's
digital economy: digital infrastructure. The number 9 in Digital 9
Infrastructure comes from the UN Sustainable Development Goal 9, which focuses
the fund on investments that increase connectivity globally and improve the
sustainability of digital infrastructure.

 

D9 invests in assets that are typically scalable platforms in the US$ 400
billion a year digital infrastructure sector. Since its launch in March 2021,
D9 has raised funding of over US$ 1.5 billion and invested in subsea fibre
connectivity, sustainable data centres and wireless networks:

 * Aqua Comms, a leading owner and operator of 30,000km of the most modern subsea
fibre systems - the backbone of the internet - with a customer base comprising
global tech and global telecommunications carriers (April 2021);

 * EMIC-1, a partnership with Meta on a 10,000km fibre system from Europe to
India (July 2021);

 * Verne Global, the leading Icelandic data centre platform, with 40MW of high
intensity computing solutions in operation or development, powered by 100%
baseload renewable power (September 2021);

 * SeaEdge UK1, a data centre and landing station, improving connectivity between
the UK, Ireland, Scandinavia and North America (December 2021);

 * Host Ireland, a leading enterprise broadband provider that owns and operates
Fixed Wireless Access networks (April 2022);

 * Volta, a premier data centre based in central London, providing 6MW of
colocation services (April 2022);

 * Ficolo, a data centre and cloud services platform in Finland, with c.23MW of
available capacity for colocation, cloud and connectivity services, with
expansion opportunities of up to c.90MW (April 2022).

 

Triple Point's Digital Infrastructure team has over US$ 300 billion in digital
infrastructure transaction experience and in-depth relationships across global
tech and global telecoms companies.

For more information, please visit www.d9infrastructure.com
(http://www.d9infrastructure.com/) .

 

About Telecom Egypt:

Telecom Egypt is the first integrated telecom operator in Egypt providing all
telecom services to its customers including fixed and mobile voice and data
services. Telecom Egypt has a long history serving Egyptian customers for over
160 years maintaining a leadership position in the Egyptian telecom market by
offering its enterprise and consumer customers the most advanced technology,
reliable infrastructure solutions and the widest network of submarine
cables.  Aside from its mobile operation "WE", the company owns a 45% 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 disclosure 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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