Israel has set out plans to build a 254-km fiber-optic cable between the Mediterranean and the Red Sea, linking Europe to countries in the Gulf and Asia. The plans were confirmed by the country's Finance Ministry over the weekend, as reported by Reuters. 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. The project, announced by the country's Finance Ministry, will establish an uninterrupted link between. AMSTERDAM-- (BUSINESS WIRE)-- NEQSOL Holding, a global group of companies with over 25 million customers operating across 11 countries, announced today that it has successfully finalized tender processes and commenced a first phase of construction for the Trans-Caspian Fiber Optic Cable Line, a key. Arctic Fibre is a three-phase submarine cable project, planned to connect Asia, Canada and Europe through the Arctic Ocean.
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