The Clap
Telecom Egypt and Saudi Arabia’s Mobily signed a strategic memorandum of understanding to build the first submarine cable system linking Egypt and Saudi Arabia directly.
The deets
The deal will facilitate international connections, whether to the West via the Telecom Egypt network or to the East through the Mobily network.
Why this matters
The link between Egypt and Saudi Arabia is a reflection of the growth of the telecommunications field in both countries.
© Claps. All Rights Reserved.
Claps is an independent publication owned by Axis Markets BV, a Dutch Private Limited Liability Company (commercial register 76555747), under license from the Netherlands Chamber of Commerce. The content provided in publications produced by Claps is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Neither Axis Markets BV , its subsidiaries, nor its staff assumes any responsibility or liability for the accuracy of third-party reporting contained in this publication, whether in the form of summaries or analyses.
