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Telecom Egypt reaches $12.5m settlement for submarine cable damage

B-Elephant tanker responsible for last March internet disruption to pay compensation for internet cables cut last March

Ahram Online, Monday 10 Feb 2014
Views: 1173
Views: 1173

Fixed-line operator Telecom Egypt announced on Monday it had reached a $12.5 million settlement with a tanker in compensation for damage caused to two of its submarine cables last March.

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.

ADSL subscribers to Telecom Egypt's internet service provider TE Data increased to 1.4 million from 1.2 million in Q3 2012.

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