Ex-Transport Minister joins Quantum Cable telecoms project
Former Transport, Communications and Works Minister Marios Demetriades has joined the Quantum Cable team as Senior Advisor to the Strategic Council of the “massive data highway” project that will extend from Asia across the Mediterranean and on to the U.S.
Quantum Cable will connect Cyprus with Israel, Cyprus with Crete and Attica in Greece, and extend further to Italy, France and Bilbao, Spain reaching the 160 Tbps MAREA submarine cable stretching 6,600 kms across the Atlantic Ocean from Virginia Beach, Virginia, USA, to Bilbao, Spain.
The cable has the capacity to handle up to 60% of the world’s internet traffic at peak time or enough capacity to handle tens of millions high-definition video conference calls between Asia and Europe at the same time.
“Mr. Demetriades joins the Strategic Council at the most critical juncture of the Quantum Cable. His sound advice and experience will contribute significantly to the smooth development of the project,” CEO Nasos Ktorides said.
“As the project developer of the superfast subsea data cable that has reached a mature stage and is proceeding according to schedule, we welcome Mr. Demetriades who will bring his experience and knowhow in matters of communications, energy and business strategy,” said Project Director George Killas.
The Quantum Cable, with a capacity of up to 160Tbps will be laid at depths of more than 3,000 metres in parallel with the EuroAsia Interconnector and its operation is expected to commence simultaneously with the 2,000MW EuroAsia Interconnector “electricity highway”, thus achieving tremendous economies of scale. The entire cost of the project is estimated at $200 mln which will be undertaken by Quantum. The Quantum Cable system will be in operation by October 2020.