Riyadh - Sharikat Mubasher: The leading technology, media, and telecom (TMT) company, Mobily, signed a cooperation agreement with the full-service telecom operator Telecom Egypt to land the first Saudi submarine cable linking both countries through the Red Sea.

This move is set to open the way for expansion and access to Europe through various connectivity options, the company announced in a press release.

This subsea cable expands Mobily’s network of subsea cable systems and extensive international infrastructure to provide more reliable connectivity, handle increasing telecom traffic, and meet the growing demand for internet services locally and internationally.

This agreement came as part of Mobily’s strategy to expand its extensive infrastructure and network.

Salman Al-Badran, Chief Executive Officer of Mobily, stated that the new cable represents a significant milestone in solidifying the Kingdom’s position as a leading global hub for telecommunications services and data traffic, in alignment with Vision 2030’s goals.

“The signing of the agreement underscores our commitment to expanding our infrastructure and enhancing our capabilities both regionally and internationally. As the Mobily's new cable will connect Saudi Arabia to Egypt and improve communication flexibility between the Middle East and Europe,” Al-Badran added.

On his part, Mohamed Nasr, Managing Director and Chief Executive Officer of Telecom Egypt, said: “This agreement marks a significant milestone in our collaboration with Mobily, advancing our joint ambitious plans and connecting major regional hubs such as Egypt and Saudi Arabia.”

He affirmed Telecom Egypt’s commitment to advancing the international telecommunications infrastructure by enhancing the geographical diversity of the global subsea cable networks.

“We are confident that this commercial agreement will be a valuable addition to our ongoing efforts to support this critical sector and cater to the rising demand for capacity and connectivity,” Nasr concluded.