Telecom Egypt, SubCom complete Egypt landings for SEA-ME-WE 6 cable system
The two landing points are located in Port Said on the Mediterranean coast and Ras Ghareb on the Red Sea.
Telecom Egypt, a major subsea cable operator in the region, facilitated the connection between the two coastal sites by establishing terrestrial crossing routes, completing SEA-ME-WE-6's landing operations in Egypt.
This step contributes to the ongoing development of the SEA-ME-WE-6 system, which is designed to improve connectivity and data transmission across multiple regions.
The cable spans 21,700 kilometers, linking Singapore (Tuas) to France (Marseille) and crossing Egypt by land.
SubCom is responsible for the construction of the subsea infrastructure.
Once operational, SEA-ME-WE-6 will connect 17 landing points across Africa, Asia, and Europe.
The project is managed by a consortium of 16 subsea cable providers, including Telecom Egypt, Bahraini BEYON B.S.C, Bangladesh Submarine Cables PLC, Indian Bharti Airtel Ltd., China United Network Communications Group, Maldives-based Dhiraagu, Djibouti Telecom, Microsoft, KSA-headquartered Mobily, Orange Group, PCCW Global, and Singapore-based Singtel.
Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
33 minutes ago
- Zawya
Minister of Industry and Transport visits MARS Egypt OCT plant
Engineer Osama Helal, MARS Egypt OCT Plant Director, welcomed His Excellency Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, on an official high-level visit to the company's plant in Egypt, the first ministerial visit of its kind since the plant's establishment. The visit included a comprehensive tour of the facility, covering production lines and packaging centers. His Excellency was briefed on the latest manufacturing technologies adopted by MARS, the quality and innovation standards implemented, and the plant's vital role in supporting the local economy through investments, employment and exports. The visit highlights the significant contribution of international companies operating in Egypt, with MARS being at the forefront, in strengthening the national industrial ecosystem, creating job opportunities, and expanding export capacity. Commenting on the visit, Engineer Osama Helal, MARS Egypt OCT Plant Director, stated: "We were honored to welcome His Excellency Lieutenant General Engineer Kamel El-Wazir. This visit is a recognition of MARS' contribution to Egypt's industrial and economic development. At MARS, we are deeply committed to supporting local industry by expanding domestic manufacturing, sourcing 100% of our packaging materials locally, empowering local talent, and promoting women's participation, even on production lines. This visit gives us a strong incentive to continue investing in the Egyptian market and reinforces MARS' position as a global manufacturing hub serving international markets from Egypt." MARS' total investments in the Egyptian market exceeded $450 million since 2005, reflecting the mother company's continued confidence in the local investment climate and reinforcing Egypt's position as a strategic industrial and export center in the region. It is worth noting that the MARS Egypt OCT Plant has evolved from serving only the local market in 2005, to becoming a regional export hub for the Middle East, Africa, and Australia by 2016. As of 2025, it became a global manufacturing facility, exporting to more than 40 countries worldwide. Today, it ranks among the top five MARS plants globally; a testament to the company's strong confidence in Egypt as a strategic industrial base.
Zawya
33 minutes ago
- Zawya
EFG Hermes advises on the signing of landmark $190mln investment in Alameda Healthcare by DPI
Cairo: EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, announced today that its investment banking division acted as the Sole M&A Financial Advisor on the signing of binding agreements for a $190 million minority stake investment in Alameda Healthcare (' Alameda '), Egypt's leading private healthcare group, by Development Partners International (' DPI '), in partnership with a consortium of leading institutional investors and prominent development finance institutions. Dr. Fahad Khater, Chairman of Alameda, will remain the group's majority shareholder following the transaction. The transaction, which is primarily a capital increase, is subject to customary regulatory approvals and is expected to close in Q3 2025. This cornerstone foreign direct investment, currently in its final stages, represents the largest of its kind in Egypt's healthcare sector, reinforcing investor confidence in backing resilient and fast-growing businesses across the country. The transaction, primarily being a capital increase in Alameda, will result in foreign currency proceeds entering Egypt's local banking system and support the company's growth in Egypt and GCC markets. Commenting on the transaction, Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, said: ' We are honored to have led this landmark transaction as the Sole M&A Financial Advisor, attracting $190 million for a significant minority stake in one of the leading and fast-growing healthcare platforms in the region. The transaction marks a proud moment for EFG Hermes as we support a national healthcare champion led by Dr Fahad Khater in executing a transformative capital raise that will enable the platform's journey to grow and scale across the region. This transaction underscores our capabilities to deliver on our advisory to our clients on landmark M&A transactions across Egypt and the broader region, as it follows a series of M&A deals that we have advised on in the last 18 months with an aggregate value exceeding $2.5 billion.' Since the beginning of the year, EFG Hermes has advised on 4 M&A transactions, 7 DCM transactions, and 7 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets. This investment aims to consolidate Alameda's position as a national healthcare leader while enabling its strategic expansion across Egypt and the wider region. The capital increase will allow the Group to deliver and invest in expanding its hospital operations and clinical capacity, particularly in Egypt and regionally in key markets such as KSA, UAE, and other GCC markets. About Alameda Healthcare Established in 1999, Alameda Healthcare is Egypt's leading private healthcare group, offering patients access to world-class care and cutting-edge treatment options. Through compassionate, personalized medical services delivered across an expanding network of internationally respected hospitals and healthcare institutions, Alameda Healthcare is synonymous with quality care delivered by highly specialized teams of medical professionals who place the patient at the center of everything they do. The company operates with over 1,000 beds and a broad portfolio of healthcare assets, including As-Salam International and Dar Al Fouad hospitals, polyclinics, specialized medical centers, and homecare and diagnostics platforms. About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Associate Director of Communications of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@ Note on Forward-Looking Statements In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
Zawya
5 hours ago
- Zawya
ContactNow and Kashier partner to provide flexible BNPL payment solutions for customers
Cairo: Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has announced a strategic partnership with Kashier, one of the leading online payment gateways in Egypt and the Middle East. The collaboration will enable the integration of the Buy Now, Pay Later (BNPL) service from the ContactNow app into Kashier's payment system, representing a strategic move to expand Contact's customer base and strengthen our digital footprint in the Egyptian market. This collaboration marks a key step in Contact Now's strategy to expand its digital offerings and enhance the customer experience. By providing flexible installment plans and seamless digital payment options, Contact Now delivers an intuitive financial journey tailored to customers' daily needs, especially as demand continues to grow for smarter, tech-driven financial solutions. Ahmed El Moselhy – Business Director at Contact Now, commented: " Partnering with a leading digital payments provider like Kashier is an exciting step forward. This partnership reflects our vision of delivering innovative financing solutions by integrating the BNPL services, we aim to strengthen our market presence and reach new customer segments in line with evolving market dynamics and changing customer needs.' Khaled Raslan, Founder and CEO of Kashier, said: 'Our goal at Kashier has always been to help businesses grow by offering cutting-edge payment solutions and partnering with ContactNow, a market leader in consumer finance, allows us to bring even more value to our merchants and their customers by making financing more accessible and frictionless.' It is noteworthy that "ContactNow" app offers a diverse set of digital financing solutions, catering to the rising customer demand for easy and flexible payment options. This initiative reflects Contact's commitment to delivering smart financial experiences, advancing financial inclusion, and driving digital transformation, particularly amid the rapid growth in the fintech sector, driven by shifting consumer behavior and the increasing reliance on cashless payment methods.
