At the 4thAsia-Pacific Submarine Networks Forum, with Pakistan carrier Cybernet and Djibouti Telecom and PEACE Cable International Network Company Limited (PEACE) signed a memorandum of understanding (MoU) and landing party agreement.
The remaining landing party agreements are to be signed within the next two weeks, and will be representing a key milestone in the delivery plan which includes the permit application work in each country.
As part of the PEACE cable is to geographically connect the three most populated continents in the world: Asia, Africa and Europe with backbone connectivity in Pakistan, Djibouti, Egypt, Kenya and France in order to provide critical interconnection to Asia, Europe, and Africa economic corridors.
Sun Xiaohua, chief operating officer of PEACE, speaking on the occasion said,
“After nearly two months of consultation, the cooperation and negotiation between the PEACE and landing partners has been completed. Thanks to all the partners for their support and I hope that PEACE will bring added economic value to the region in the near future.”
CEO of Cybernet Danish A Lakhani said,
“We are excited about working on the PEACE project and the numerous benefits that the PEACE Cable will bring to Pakistan and its digital economy. In addition to providing much needed redundancy to Pakistan’s internet infrastructure and reducing latency to Western destinations, this ultra-high capacity cable will usher in a new era of affordable Gigabit services in the country. Furthermore, as a carrier neutral cable system, it will enable other telecom carriers, ISPs, CDN and content providers to extend its benefits across the spectrum of Pakistani society.”
Furthermore, according to Mohamed Assoweh Bouh, General Director of Djibouti Telecom the objective of Djibouti Telecom is to strengthen its regional Hub position, the crossroad of three continents, Asia, Africa and Europe. PEACE and DARE shall collaborate to achieve the digital and economic transformation of Republic of Djibouti.