Athens, 21st August 2024: Grid Telecom, an entirely owned subsidiary and the telecommunications car of the Unbiased Energy Transmission Operator (IPTO) of Greece, and Tamares Telecom, a number one fiber-based worldwide communications and knowledge service supplier and community operator, a subsidiary of Aluma Infrastructure Fund, introduced at this time the signing of a Heads of Settlement concerning their joint participation in Tamares Telecom Cyprus, a completely licensed operator in Cyprus and proprietor of a Cable Touchdown Station and touchdown infrastructure on the western coast of Cyprus. This strategic alliance marks a big milestone in advancing the regional digital infrastructure and fostering sustainable progress within the data-driven financial system. The Cable Touchdown Station will act as an interconnectivity node offering service and internet hosting amenities to anchor worldwide subsea optical fiber cable methods from Europe and the Center East crossing the Jap Mediterranean, connecting Cyprus with Greece, Israel, Egypt and different East and West locations. Grid Telecom and Tamares Telecom will provide, by way of their subsidiary Tamares Telecon Cyprus, state-of-the-art infrastructure for the safe touchdown and operation of subsea cable methods in Cyprus, together with companies for housing the ability feeding and subsea line terminating gear, in addition to different mission-critical gear for interconnection and peering of optical, Ethernet and IP knowledge site visitors. The strategic partnership between Grid Telecom and Tamares Telecom will carry superior knowledge transport options to the market, creating a brand new telecommunications hall between Europe and the Center East, facilitating the termination and environment friendly interconnection of subsea cable methods to their clients and companions. Leveraging on the strategic place of Cyprus, it would create a service impartial open-access hub with interconnection knowledge heart amenities by way of various low latency paths to main locations in Greece and Europe, together with the Balkan area and Turkey, Egypt and the north coast of Africa, Israel, and the Arabian Peninsula. Tamares Telecom is already collaborating with Grid Telecom, to assemble and function ANDROMEDA optical fiber cable system that will probably be touchdown on the Cable Touchdown Station of Tamares Telecom Cyprus, interconnecting Greece as a brand new jap gateway to Europe, with Cyprus and Israel, extending although Israel to the Arabian Peninsula and past. Rising because the prime carrier-neutral wholesaler within the Greek market, Grid Telecom exploits IPTO’s intensive optical community in Greece and neighboring nations and integrates it with its personal fiber hyperlinks and Factors-of-Presence, to realize community variety, most safety, and exceptionally low latency. Tamares Telecom, owns and operates TAMARES-North, a high-capacity subsea fiber cable system between Israel and Cyprus, with extensions to a number of worldwide locations, offering custom-made communication and cloud infrastructure options and companies.
The Chairman of Aluma Infrastructure Fund, Ori Yogev, commented:
“Tamares Telecom is constantly creating and increasing its nationwide and worldwide infrastructure. Our collaboration with Grid Telecom and IPTO to amass a state-of-the-art Cable Touchdown Station in Cyprus, in parallel with our collaboration to construct and function the ANDROMEDA fiber cable system, will carry safety and add worth to our attain in Europe and the Center East. Our investments in new strategic initiatives present a number of layers of infrastructure variety, which embody creating cable touchdown infrastructure and new optical fiber cable methods to satisfy market calls for for high-quality knowledge transport options, by way of a telecommunications bridge between East and West”.
The Chairman and CEO of IPTO, Manos Manousakis, said:
“IPTO is constructing infrastructure for tomorrow’s electrical energy and telecommunications spine networks all through Greece and past, contributing to Greece’s transformation right into a crucial power and knowledge hub of excessive geopolitical worth on the crossroads of Europe, Africa and Asia. IPTO is the Challenge Promoter of “Nice Sea Interconnector”, a number one EU Challenge of Widespread Curiosity, interconnecting the nationwide grids of Israel, Cyprus and Greece and creating an power bridge between Europe and the Center East, with a number of advantages for the three nations. The strategic partnership between Grid Telecom and Tamares Telecom will create a mixed touchdown and interconnection resolution with vanguard connectivity and worldwide attain, which is able to assist new subsea fiber cable methods to get rid of pricey and time-consuming allowing processes and touchdown infrastructure building, appearing as a catalyst that accelerates developments within the area. Moreover, it would present the power to straight cross-connect with different cable methods, backhaul carriers and digital platforms, throughout the Cable Touchdown Station of Tamares Telecom Cyprus, making a wealthy telecommunications ecosystem that may carry digital transformation to Cyprus and the broader Jap Mediterranean area”.
— Finish —
About IPTO:
The Unbiased Energy Transmission Operator (IPTO) is accountable for the operation, monitoring, upkeep, and improvement of the “Hellenic Electrical energy Transmission System”, aiming to make sure secure and undisrupted energy provide throughout the nation. IPTO’s “Ten Yr Community Improvement Plan” gives for {the electrical} interconnection of main Greek islands within the Excessive Voltage System by 2029, the strengthening and modernization of the continental energy grid in addition to the facilitation of Greece’s transition in the direction of a cleaner power combine. IPTO’s funding program, consists of the Crete-Attica energy hyperlink, supplemented with twin optical fiber cables, the completion of Cyclades in addition to the interconnections of the Dodecanese and the NE Aegean islands. IPTO is creating new worldwide interconnections to Italy, Bulgaria, Albania, North Macedonia and Turkey, and helps new subsea electrical energy interconnectors to Cyprus, Israel, Egypt, and Saudi Arabia, with Greece as the principle hub. IPTO is the challenge promoter of the “Nice Sea Interconnector” between Greece, Cyprus and Israel and is at the moment maturing the “Inexperienced Aegean Interconnector”, a brand new electrical hall between Greece and southern Germany, for the transmission of fresh power originating from Greece and the Jap Mediterranean area to the massive consumption facilities of Central Europe.
For extra data, contact:
Electronic mail: pressoffice@admie.gr
About Grid Telecom:
Grid Telecom was established in 2019 as an entirely owned subsidiary firm of the Unbiased Energy Transmission Operator (IPTO) of Greece and acts as its telecommunications car for offering wholesale companies and whole options to nationwide and worldwide operators and enormous enterprise clients. Grid Telecom’s optical fiber terrestrial and subsea community exceeds 4,000 km all through Greece and can quickly exceed 6,000 km connecting most Greek islands with the core community, providing darkish fiber and spectrum, reaching the shortest doable routes, community variety, most safety, and really low latency. Grid Telecom is creating a rising worldwide optical fiber community that’s supported by a state-of-the-art proprietary DWDM optical community, offering ultra-fast capability companies, in addition to collocation companies inside protected areas in IPTO’s substation websites throughout Greece.
For extra data, contact:
Electronic mail: pressoffice@grid-telecom.com
About Tamares Telecom:
Tamares Telecom is a number one Digital Infrastructure group, based mostly within the Center East area, with belongings spanning from worldwide subsea fiber optic cables to terrestrial fibers, and Tier-III knowledge heart amenities in Israel and Europe. Tamares Telecom gives telecom operators, international and home, OTT’s, cloud suppliers and enterprises, with One-Cease-Store resolution for full networking and connectivity wants, coupled with colocation amenities throughout Israel, Cyprus, Marseille, London, and Frankfurt. Tamares Telecom is a completely licensed operator, serving greater than 5,000 clients throughout the globe. Tamares Telecom provides a variety of telecommunications wholesale companies, together with managed wavelengths, IP transit, DIAs and internet hosting. Tamares Telecom owns the TAMARES-North subsea fiber cable linking Israel with Cyprus, which was launched in 2012, and is being prolonged to Marseille and mainland Europe.
For extra data, contact:
Electronic mail: aviram@pr360.co.il
About Aluma Infrastructure Fund:
Aluma is an Infrastructure Funding Fund, listed on the Tel-Aviv Inventory Alternate (TASE) since November 2021. The Fund’s founders are Ori Yogev (Chairman of the Board of Administrators), Yair Hirsh (CEO), Muli Ravina (Chairman of the Investments Committee), Miki Zaharia (Director) and Nati Shachor. The Fund has formulated a proprietary funding mannequin, which differentiates it from the opposite Infrastructure Funding Funds in Israel and relies on three foremost rules: The Fund’s administration has a “hands-on” strategy to focus on firms, aiming to extend their operations’ effectivity and enhance their yields. Displaying a choice for funding in infrastructure firms over these in initiatives or ventures within the infrastructure fields since, within the Fund’s administration’s evaluation, an funding of this kind is anticipated to generate the next yield. Specializing in infrastructure fields with the very best potential for progress: telecommunications, inexperienced power, the atmosphere, and transportation.
For extra data, contact:
Electronic mail: aviram@pr360.co.il
