• Register

Telecom Egypt to receive $12.5m compensation for submarine cable damage

: Tuesday, February 11 - 2014 @ 11:03

Telecom Egypt, the country’s only fixed-line operator, has announced it had reached a $12.5m settlement with a tanker in compensation for damage caused to two of its submarine cables last March, Ahram has reported. The amount covers the repair costs for the EIG and TE North cables, which the B-Elephant ship cut and damaged, causing internet connections to momentarily slow for broadband users across Egypt last spring.

Today's Top Stories

Posted by

Tuesday, February 11- 2014 @ 11:03 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs