PCCW and Telecom Egypt Ink PEACE Cable Deal
- Business & Finance
PCCW Global and Telecom Egypt recently signed a landing party agreement in Beijing.
This agreement will enable the Pakistan & East Africa Connecting Europe (PEACE) cable system to land and cross Egypt, effectively linking Asia, Africa and Europe with a 12,000km ultra-low latency high-speed cable system.
The trilateral agreement between Telecom Egypt, PCCW Global and HENGTONG provides for the system to cross Egypt through the new diversified terrestrial routes connecting Zafarana and Abu Talat, where new landing facilities have been constructed.
PCCW Global and HENGTONG will cooperate in the PEACE Mediterranean undersea segment of the cable that will then link Egypt to Europe through a landing point in Marseille, France amongst other landing points in the Mediterranean Sea.
When complete, the PEACE cable system will provide the shortest and most direct data route from North Asia to Europe.
Jordick Wong, senior vice president, Innovation Planning & Procurement, PCCW Global, said, “The PEACE cable system connects the same regions and countries as the legendary Silk Road, and similar to the ‘One Belt, One Road’ initiative, will enhance cooperation and shared economic benefits in the exchange of goods, technology and ideas.”