Bezeq Israel Telecom has begun to deploy a fast-speed Internet subsea cable aimed at connecting Europe to Asia that its chairman says could ultimately reduce dependency on the Strait of Hormuz.Some 17% of global
Bezeq Israel Telecom has begun to deploy a fast-speed Internet subsea cable aimed at connecting Europe to Asia that its chairman says could ultimately reduce dependency on the Strait of Hormuz.
Some 17% of global broadband goes through Hormuz, mostly from Qatar and India, and the new cable project would "solve some of the congestion that some of the Gulf countries currently have in the Strait of Hormuz," Tomer Raved, Bezeq's chairman, told Reuters after reporting quarterly financial results.
Deployment of the more than 400-terabyte cables will take two years and Bezeq will soon announce a European partner in the 500 million shekel ($172 million) project, with two more subsea cables to be launched later this year, he said on Wednesday.
"It positions Israel as the digital backbone, not just of the region, but globally, given the need for more connectivity in the region and between the different continents," Raved said.
Iran has warned that submarine cables in the strait were a vulnerable point for the region's digital economy. Several fibre-optic cables snake across the strait's seabed, connecting countries from India and Southeast Asia to Europe via the Gulf states and Egypt.
Raved said it was unlikely these cables would be
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