"Quantum Cable" to revolutionise global telecoms
* Super-fast 200Tbps fibre-optic subsea data cable to handle 60% of the world’s internet traffic at peak time
NICOSIA, January 16, 2018 – Global telecommunications will undergo a drastic and revolutionary change with the introduction of the Quantum Cable, the super-fast subsea cable of up to 160Tbps in the Mediterranean, following a Memorandum of Understanding and Heads of Agreement signed in Nicosia between the owner, Quantum Cable, and a leading U.S.-based global industry supplier, major S&P company and supported by government officials from Cyprus and Greece.
The MoU/HoA was signed by Nasos Ktorides, Chairman of the Board of Directors of Quantum Cable and the contractor/supplier.
The “Quantum Cable”, with a capacity of up to 200Tbps will be laid at depths of more than 3,000 metres in parallel with the EuroAfrica Interconnector and its operation is expected to commence simultaneously with the 2,000MW EuroAfrica Interconnector, thus achieving tremendous economies of scale.
The entire cost of the project will be undertaken by Quantum.
The Quantum Cable will achieve a “massive data highway” at very high interconnection speeds, similar to the MAREA subsea cable connecting across the Atlantic Ocean from Virginia in the US to Bilbao, Spain, in Europe.
“We are delighted that we will once again be at the forefront of telecommunications, with this high-speed connectivity, transforming and upgrading the geopolitical strategic role of Cyprus into a bridge between Asia and Europe and beyond,” said Cyprus Communications and Transport Minister, Marios Demetriades at the meeting.
“The Quantum Cable will drastically change the telecommunications map of South East Europe and the Mediterranean, with Cyprus as a pivotal hub for telecommunications, in addition to its new role as regional energy and maritime centre,” added Minister Demetriades.
“The Quantum Cable will have enough capacity to handle tens of millions of high-definition video conference calls between Asia and Europe at the same time, thus supporting the exponentially growing demand from Asia and Europe for high speed, secure connections for Cloud providers, Data centres and Online services,” Ktorides said at the signing ceremony.
“Existing subsea cables in the Mediterranean currently have an average capacity of 3-4 Tbps, while the Quantum Cable will be up to 40 times faster,” he added.
Quantum Cable will connect Cyprus with Italy, France and Spain reaching the MAREA submarine cable stretching 6,600 kms across the Atlantic Ocean from Virginia Beach, Virginia, USA, to Bilbao, Spain.
From left: Niki Santama, Director of the Minister’s Office; Quantum Cable Project Director George Killas; CEO Nasos Ktorides; Communications and Transport Minister Marios Demetriades; Yiorgos Komodromos, Director of Electronic Communications, Ministry of Communications
From left: Quantum Cable Technical Director Thanasis Stivaros, CEO Nasos Ktorides, and Project Director George Killas
For more information, please contact:
Mr. Masis der Parthogh
++35722792200, Ext. 123