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Egypt

European Investment Bank loans $167m to Telecom Egypt

Telecom Egypt signed an agreement with the European Investment Bank (EIB) - the lending arm of the European Union - to secure a medium-term loan of €150 million (US$167.39 million) to expand Telecom Egypt’s 4G broadband network. The new developmental facility will be used to support Telecom ...

PEACE cable begins data flows between North Africa and Europe

Infrastructure developers have completed and brough online the PEACE cable system’s Mediterranean segment (PEACE-MED). PEACE-MED, a part of the trunk of the 15,000km PEACE cable system, is a 3200km undersea cable that connects Egypt to France, with additional landing points in Cyprus and Malta. The system is being managed by telecommunications service provider PCCW Glo...

Telecom Egypt to host $374m Medusa subsea cable

Telecom Egypt and Barcelona-based infrastructure and telecom operator AFR-IX Telecom have signed an agreement for the landing of the Mediterranean submarine cable system Medusa in Egypt. The agreement was signed during the Mobile World Congress 2022 in Barcelona by the Managing Director and CEO of Telecom Egypt, Adel Hamed and Norman Albi, CEO of AFR-IX Telecom and Medusa. ...

Exclusive: Knight Frank trading $2bn of London data centre estate, eyes 600MW development in Middle East and Africa

Real estate broker group Knight Frank has leased and is in the process of brokering data centre developments in London in the excess of £1.53 billion (US$2.03 billion). A total of 166.5 acres of land in the capital’s region have been transactioned, with an IT power capacity pushed to nearly 1GW across ten locations. LOCATIONLAND SIZEVALUEIT POWER PLANNEDSlough40-a...

February 22

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