Etihad Etisalat Company (Mobily) has signed a strategic Memorandum of Understanding (MoU) with Telecom Egypt to build the first submarine cable system to directly connect the Kingdom of Saudi Arabia to Egypt.
The MoU was signed in Riyadh by Eng. Salman Al-Badran, CEO of Mobily, and Adel Hamed, Managing Director, and CEO of Telecom Egypt.
The agreement explores various new ways to connect international capacity to Europe in the west, through Telecom Egypt’s network, and to the GCC in the east, through Mobily’s network, which is made possible by expanding the two companies’ networks and connecting them to neighboring countries, according to reports.
The establishment of the new cable system aims to meet the rising communication traffic and the large demand for such services between KSA and Egypt.
“By adopting cutting-edge technologies, we continue to expand our infrastructure and scale our capabilities across the KSA and the wider region. We are confident that our strategic partnership with Telecom Egypt will help us achieve our goals,” said Eng. Salman Al-Badran, CEO of Mobily.
“The MoU is part of Mobliy’s efforts to enhance its global infrastructure, aiming to establish the KSA as a leading international hub for communication services and data traffic, which contributes to the goals of Saudi Vision 2030,” said Thamer A. AlFadda, Senior Vice, President Wholesale & Carrier Services.
Adel Hamed, The Managing Director and CEO of Telecom Egypt, added: “We are pleased to build this strategic collaboration with Mobily, which helps increase the scale and reach of our networks, and adds more connections with the KSA.”
“The MoU lays the foundation of a fruitful and growing collaboration with Mobily, as well as adding to our cutting-edge international infrastructure,” said Seif Allah Mounib, Vice President, Chief International & Wholesale Officer at Telecom Egypt.
Mobily is aiming to empower the digital economy and offer advanced digital solutions.
