Ex-Trans­port Min­is­ter joins Quan­tum Ca­ble tele­coms project

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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