Israel’s Bezeq Telecom sees subsea cable connecting Europe to Asia

JERUSALEM: Bezeq Israel Telecom has begun to deploy a fast-speed Internet subsea cable aimed at connecting Europe to Asia that its chairman says could ultimately reduce dependency on the Strait of Hormuz.

Some 17% of global broadband goes through Hormuz, mostly from Qatar and India, and the new cable project would “solve some of the congestion that some of the Gulf countries currently have in the Strait ‌of Hormuz,” Tomer ⁠Raved, ⁠Bezeq’s chairman, told Reuters after reporting quarterly financial results.