4iG and Telecom Egypt Advance Subsea Cable Project Between Albania and Egypt

Hungarian telecom operator 4iG and Telecom Egypt have agreed upon the terms of cooperation for the construction of the express subsea cable between Albania and Egypt. This agreement follows the signing of a Memorandum of Understanding (MoU) in October 2023. Under the terms of the agreement, both companies will establish a joint venture for the intercontinental subsea cable project.

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Also Read: 4iG to Invest HUF 150 Billion in Digital Infrastructure of Hungary by 2028

Albania and Egypt Link

The express subsea cable will create a high-capacity, intercontinental connection linking Africa and Asia—through the Red Sea—to Europe, via Egypt, the Mediterranean, and Albania, said the joint statement.

4iG’s Chairman and Telecom Egypt’s Managing Director and CEO have signed the agreement in Budapest, Hungary, in the presence of the Minister of National Economy of Hungary and the Minister of Communications and Information Technology of Egypt, along with top officials from both companies.

As the first cable to link the two countries, the planned subsea cable’s Mediterranean route will be quite unique, adding another layer of diversity to the conventional Mediterranean routes linking Egypt to Italy and France, according to the official statement.

Strategic Significance

The link is expected to capture a significant share of the huge and rapidly growing data traffic market between Asia, East Africa, and Europe. The cable system will have the option to be extended to Mediterranean destinations such as Libya, Cyprus, and Greece. Additionally, the initial configuration of the subsea cable will also include a branch to Italy.