IPTO’s wholly owned subsidiary Grid Telecom signed a Memorandum of Understanding with Cinturion Corp Ltd, a leading international provider of cable capacity, with the scope of landing the advanced TEAS submarine cable systems in the Greek territory.
The partnership between Cinturion and Grid Telecom will allow open-access interconnections, with cutting-edge data connectivity and international reach to Southeast Europe.
Cinturion’s TEAS (Trans Europe Asia System), is the most advanced submarine and terrestrial network, enabling high-speed, resilient, and secure connections. TEAS system consists of two separate connections across the Mediterranean Sea, interlinking the Middle East, with multiple routes across the Arabian Peninsula and a route through the Gulf of Aqaba and the Red Sea. TEAS, the first new dual path system of its kind, provides geographically diverse routes enabling new services with its unique optical capabilities to support modern Data Center deployments, bringing broadband and low latency access to the European, Middle East and Indian markets.
The Director of Grid Telecom Mr. George Psyrris, stated: “We are proud to collaborate with Cinturion and lay the foundations for the implementation of the innovative TEAS cable system in Greece. This system will bring another diverse route in the Eastern Mediterranean, enhancing the strategic role of Crete island as an international telecommunications hub”.
The Chief Commercial Officer of Cinturion Mr. Bill Marra, commented: “The partnership between Grid Telecom and Cinturion will provide the most advanced, secure and innovative technologies to Southeast Europe, through Greece, addressing in the most efficient way the rising global demand for high-quality international bandwidth”.
Grid Telecom, IPTO’s vehicle for providing telecom services to national and international providers, operates a domestic fiber optic network currently exceeding 4,000 km, which is expected to increase to more than 6,000 km within the next 5 years - along with the completion of island interconnections implemented by the Operator. IPTO’s subsidiary offers diverse fiber connectivity between the island of Crete and the Greek mainland, in addition to its network infrastructure in Italy, the Balkans, and Central Europe, leveraging its position as a major, carrier-neutral hub in Europe.