--- title: "SNG: Telecom Egypt-consortium inks MoU to construct AAE-2 subsea cable" description: "A consortium including Zain Omantel International, PCCW Global, Sparkle, and Telecom Egypt has signed a memorandum of understanding to develop the Asia-Africa-Europe-2 (AAE-2) subsea cable system. Thi" type: "news" locale: "en" url: "https://longbridge.com/en/news/244375664.md" published_at: "2025-06-13T06:21:50.000Z" --- # SNG: Telecom Egypt-consortium inks MoU to construct AAE-2 subsea cable > A consortium including Zain Omantel International, PCCW Global, Sparkle, and Telecom Egypt has signed a memorandum of understanding to develop the Asia-Africa-Europe-2 (AAE-2) subsea cable system. This project aims to enhance global connectivity by linking Hong Kong and Singapore to Italy, providing high-capacity routes across Thailand, the Arabian Peninsula, and Egypt. The AAE-2 system will create a resilient data highway, meeting the growing demands for cloud services and improving intercontinental connectivity. **Staff Writer** **Arab Finance:** A consortium of four subsea cable operators, Zain Omantel International (ZOI), PCCW Global, Sparkle, and Telecom Egypt, signed a memorandum of understanding (MoU) to develop the Asia-Africa-Europe-2 (AAE-2) subsea cable system, according to a press release. The AAE-2 system is set to establish a next-generation subsea digital link linking Hong Kong and Singapore to Italy, offering secure and high-capacity terrestrial corridors across Thailand, the Arabian Peninsula, and Egypt. The joint project is said to deliver unprecedented capacity and reinforce seamless and reliable connectivity across the three continents. This initiative aims to boost global connectivity by delivering a geographically diverse, resilient, and high-performance route for international traffic. The companies noted that AAE-2 will create a future-proof data highway between Asia, Africa, and Europe by integrating both subsea and terrestrial infrastructure. Moreover, AAE-2 will introduce unspecified strategic extensions to further key destinations across its route, fostering intercontinental connectivity and meeting the increasing demands of cloud services. Frederick Chui, CEO of PCCW Global, said: “Following our instrumental role in the success of the AAE-1 system, we are pleased to bring our expertise to AAE-2, an advanced, high-capacity and geographically diverse subsea cable system connecting Asia and Europe.” Meanwhile, Enrico Bagnasco, CEO of Sparkle, commented: “The AAE-2 cable system is an innovative project perfectly in line with Sparkle’s long-term strategy to strengthen the Asia-Africa-Europe corridor by enhancing route diversity and ensuring the highest levels of network resilience." Mohamed Nasr, Managing Director and CEO of Telecom Egypt, added: "AAE-2 will also benefit from accessing and cross-connecting with the other subsea cables using our WeConnect ecosystem." © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here. ### Related Stocks - [00008.HK - PCCW](https://longbridge.com/en/quote/00008.HK.md) - [INTR.US - Inter](https://longbridge.com/en/quote/INTR.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | These 3 Dividend Aristocrats Look Ready to Rebound in 2026. Should You Buy Them Now? | These 3 Dividend Aristocrats Look Ready to Rebound in 2026. Should You Buy Them Now? | [Link](https://longbridge.com/en/news/276495875.md) | | BlackRock's long position in Li Ning increases to 5.33% on Feb 12, HKEX filing shows | BlackRock's long position in Li Ning increases to 5.33% on Feb 12, HKEX filing shows | [Link](https://longbridge.com/en/news/276432220.md) | | YNBY International Warns of Up to 85% Lower Profit in 2025 | YNBY International Warns of Up to 85% Lower Profit in 2025 | [Link](https://longbridge.com/en/news/276431828.md) | | Wasion Holdings Included In Hang Seng Composite Index As Constituent Stock | Wasion Holdings Ltd :INCLUDED IN HANG SENG COMPOSITE INDEX AS CONSTITUENT STOCK | [Link](https://longbridge.com/en/news/276420606.md) | | Perseus Mining Posts HY Profit After Tax of $185.5 Million | Perseus Mining Ltd :FY26 MARKET GUIDANCE OF 400,000 TO 440,000OZ GOLD PRODUCTIONINTERIM DIVIDEND OF A$5.00 CENTS PER SHA | [Link](https://longbridge.com/en/news/276401892.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.