The MoU was signed during a one-day visit by Egypt’s communications minister to Athens to foster cooperation between Egypt and Greece in the field of communications and IT, the Ministry of Communications and Information Technology said in a statement Thursday.

Managing Director and CEO of Telecom Egypt Adel Hamed, and Chairman and CEO of the Independent Power Transmission Operator (IPTO) Manos Manousakis signed the MoU in the presence of the two ministers.

Talaat described Egypt-Greece relations as “deep” at the economic, political and cultural levels, highlighting the historic ties between the two cultures that date back to thousands of years ago.

The Egyptian minister added that the MoU will help maximize the Mediterranean database between Cairo and Athens and open the door for discussion about accelerating the construction of submarine cables between the two countries to serve the massive flow of data worldwide.

Egypt's distinguished location makes it a center for data traffic among Asia, Africa, and Europe; as over 100 terabytes of data are transferred to Europe with more than 13 submarine cables, Talaat noted.