Qatar’s Ooredoo plans $500 million investment on cable projects
Qatari telecoms company Ooredoo plans to invest more than $500 million on new international cable projects, state news agency QNA reported, citing the company’s CEO.
The new projects would redraw the connection routes between Oman, Iraq, Turkey and Europe via land routes that would speed connection times, Ooredoo CEO Aziz Aluthman Fakhroo told QNA.
“This new system will enhance the flexibility of global networks, create alternative routes that bypass current challenges in the Red Sea and the Strait of Hormuz, and place the region at the heart of the international data network,” Fakhroo said.
