Arctic Telecom Cable Initiative Takes Major Step Forward Cinia Press Release June 6, 2019 Cinia, the leading partner of the Cinia alliance, and MegaFon have today signed a Memorandum of Understanding (MoU) to set up a joint venture to prepare the build of a submarine telecommunications cable across the Arctic Sea. The widely international project [...]
China Telecom PH-HK cable link eyed By Miguel R. Camus, Inquirer.net November 21, 2018 China Telecom, the state-run firm that joined the consortium that won the Duterte administration’s third telco initiative, announced a plan to build a submarine cable to the Philippines as part of an offer to improve the quality of internet services and [...]
Djibouti Telecom, Somtel and TE SubCom Announce Mogadishu Branch of DARE1 Cable System TE SubCom Press Release October 25, 2018 DJIBOUTI CITY, DJIBOUTI and SOMALILAND, SOMALIA – Djibouti Telecom and Somtel today announced that the supply contract for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system has come into force, with TE SubCom [...]
Telecom Egypt Acquires 50% of EISCC for $15m By Andrea Ayemoba, Africa Tech September 24, 2018 Telecom Egypt announces that its board of directors has approved the acquisition of 50% of its subsidiary Egyptian International Submarine Cable Company (EISCC) at a value of USD 15mn. On 17 September 2018, Telecom Egypt had announced that EISCC [...]
Telecom Egypt concludes the acquisition of Middle East and North Africa Submarine Cable “MENA” Telecom Egypt Press Release September 17, 2018 Cairo, Egypt - Telecom Egypt (Ticker: ETEL.CA; TEEG.LN) announces the conclusion of the acquisition of Middle East and North Africa Submarine Cable (“MENA Cable”) from Orascom Investment Holding “OIH” through its subsidiary Egyptian International [...]
Telecom Egypt Cuts Dividend In Favour Of Submarine Cable Investment By Telecompaper March 28, 2018 Telecom Egypt announced that in light of a new investment opportunity in the submarine cable industry, the board determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share. In a statement, TE [...]
