Submarine data cable from Hungary to Egypt

The economy ministers of Hungary and Egypt have signed an agreement on behalf of Hungary’s 4iG and Telecom Egypt aimed at building a high capacity submarine date cable between Egypt and Albania.

Márton Nagy, the Hungarian minister, said at the signing ceremony that a competitive economy required a highly developed telecommunications sector, adding that the digital economy accounted for at least 25 percent of GDP.

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4iG chief Gellért Jaszai said the two companies could obtain a large share of the data communications market between Europe, Asia, and east Africa through the new project.

Source: MTI