Mr. Adel Hamed & Eng. Salman Al-Badran signing the MoU
Saudi-based 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 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.
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.
Eng. Salman Al-Badran CEO – Mobily
“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 achieve our goals.”
Mr. Adel Hamed, The Managing Director and CEO of Telecom Egypt, said that “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 Kingdom of Saudi Arabia.”
Mobily follows a leading approach aiming to empower the digital economy and offer advanced digital solutions in-line with Saudi Vision 2030. This further cements Mobliy’s reliability, agility, and competitiveness, it also contributes to the company’s efforts to bolster the growth of the communication sector and digital economy in the Kingdom.
Telecom Egypt is the preferred partner for subsea cable owners worldwide, offering advanced infrastructure both locally and globally, with +140 landing stations across +60 countries.
Mobliy also continuously focuses on scaling subsea cables using cutting-edge technologies, which is reflected clearly by investing in subsea cables, in addition to recently joining two new consortiums to increase global capacity and presence, and cement the leading position of the Saudi communication sector globally.
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