Bharti Airtel has declared that its subsidiary Network i2i has entered into a definitive agreement with Egyptian firm Orascom to acquire the latter's entire equity stake in Middle East North Africa Submarine Cable Systems for an undisclosed amount.
The agreement has been signed with Orascom Telecom Media and Technology Holding SAE.
Middle East North Africa Submarine Cable Systems (MENA-SCS) is a 100 per cent subsidiary of Orascom.
It is live and operational, connecting Mumbai - Oman - Saudi Arabia - Egypt and Italy. It further has the branching options to connect to other countries in Europe, Africa and Middle East via branching options to Cyprus, Greece, Djibouti, Yemen, Iran, Lebanon, Libya and Sudan.
MENA-SCS owns and operates a submarine cable network between India and Europe covering Middle East, with options to extend the network to Africa. It is a submarine optic network capable of carrying multi tera bits per second of data speeds.
The proposed acquisition of MENA-SCS is aimed at further strengthening Airtel's global network that currently runs across 225,000 route kilometers, covering 50 countries and 5 continents.
The agreement has been signed with Orascom Telecom Media and Technology Holding SAE.
Middle East North Africa Submarine Cable Systems (MENA-SCS) is a 100 per cent subsidiary of Orascom.
It is live and operational, connecting Mumbai - Oman - Saudi Arabia - Egypt and Italy. It further has the branching options to connect to other countries in Europe, Africa and Middle East via branching options to Cyprus, Greece, Djibouti, Yemen, Iran, Lebanon, Libya and Sudan.
MENA-SCS owns and operates a submarine cable network between India and Europe covering Middle East, with options to extend the network to Africa. It is a submarine optic network capable of carrying multi tera bits per second of data speeds.
The proposed acquisition of MENA-SCS is aimed at further strengthening Airtel's global network that currently runs across 225,000 route kilometers, covering 50 countries and 5 continents.
0 comments: