Sri Lanka Telecom Launches Xyntac Wholesale Brand By Telecompaper August 5, 2019 Sri Lanka Telecom (SLT) has introduced its ‘Xyntac’ wholesale brand. The Xyntac unit will provide voice and data services as well as digital services. Xyntac will operate as a global business unit of SLT. Xyntac will offer an IP backbone network and its [...]
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 [...]
