Cyta participates in the East Med Corridor (EMC) submarine cable system, following an agreement signed on Tuesday, July 26, in Athens.
In a press release, Cyta said that the East Med Corridor (EMC) submarine cable system is “a project of geostrategic importance, with transnational support, which exploits the geographical position of Cyprus, Greece and Saudi Arabia for creating an international digital highway that is essential for the global economy.”
“Starting in Singapore, the EMC will pass through Saudi Arabia, Israel, Cyprus, and Greece, and will end in Italy and France. Construction will begin next autumn and is expected to be completed and operational by the end of 2025. The total cost is around $850 million and, apart from Cyta, it involves MENA HUB of Saudi Arabia and the Greek companies TTSA and PPC,” Cyta explains.
Cypriot Minister of Finance, Constantinos Petrides, said that “with Cyta’s investment, we are not just achieving the enhancement of Cyprus’ connectivity”.
Cyprus’ Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos, underlined that “Cyta’s participation in the creation of EMC strategically supports and plays an essential role in ensuring the digital connectivity of our country.”
In his statements, Cyta President, Michael Ioannides, noted that “we are participating in a project that creates the Cyprus – Greece telecommunications axis as the data transfer gateway of Europe.” “With EMC we are creating the conditions for significant geostrategic and tangible economic benefits for our country,” he added.
Cyta CEO, Andreas Neocleous, said that “we are investing in the new EMC international cable system to further enhance the quality communication experience of our customers”. “The new route will multiply the capacity of Cyta’s interconnection with the rest of the world, ensuring even higher speeds and data volumes for our customers. It will also provide resilience and redundancy to the country’s digital interconnection, with many long-term commercial and economic benefits for Cyta and for the country,” he concluded.
Source: Cyprus News Agency