Telecom Egypt has unveiled plans to construct a high capacity cable system alongside 16 of the world's most prominent service providers. Once completed, Asia Africa Europe-1 (AAE-1) will provide additional protection and offer an alternative to the existing heavily loaded cables systems. AAE-1 will run for 25,000km, from South East Asia to Europe across Egypt, connecting different countries, including Hong Kong, Vietnam, Cambodia, Malaysia, Singapore, Thailand, India, Pakistan, Oman, UAE, Qatar, Yemen, Djibouti, Saudi Arabia, Egypt, Greece, Italy and France. The new cable construction is due to be completed in 2016. AAE-1 is expected to contribute to te's revenues more than EGP 300 million, which will be realized on service delivery date. The cable system will employ 100Gbps technology along the lowest latency route with design capacity of over 40 terabits. AAE-1 is one of the largest cable systems ever launched and will present an exponential level of business growth to te, who will provide robust and reliable services to AAE-1 across Egypt. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said:"The construction of this new high capacity cable system is testament to our continued efforts to innovate and lead the way in terms of the technology surrounding submarine cables and networks. We are well placed to take advantage of Egypt's unique geographical location as a gateway between the Asia, Africa and Europe, and look forward to working closely with our global peers in constructing the AAE-1 cable system. "For more than 100 years, te has provided the most secure, resilient and reliable route for its international customers to connect their networks between East and West. By launching AAE-1, te can continue to play a pivotal role to the submarine cable industry over its diversified terrestrial network across Egypt." The global service providers working alongside te include China Unicom, Chuan Wei, Djibouti Telecom, Etisalat, Mobily, Omantel, OTEGLOBE, Ooredoo, PCCW Global, Pakistan Telecommunication Company Limited (PTCL), Telecom Egypt, TOT, Viettel amongst other carriers. te signed the Construction and Maintenance Agreement (C&MA) in Hong Kong on January 27, 2014 to officially mark the commencement of the AAE-1 Project. Source : arabfinance
