PEACE Cable International Network system Co., Ltd. (PEACE) signed a Memorandum of understanding (MOU) and landing party agreement with Djibouti Telecom and Pakistan carrier Cybernet during the 4th Asia-Pacific Submarine Networks Forum.
Remaining landing party agreements will be signed in next two weeks, representing a key milestone in the delivery plan which includes the permit application work in every country.
(left to right) Mr. Frederick Chui, SVP Global Data at PCCW, Sun Xiaohua, COO of PEACE and Mr. Danish Lakhani, CEO of Cybernet at the signing ceremony…
Geographically the PEACE cable will connect the 3 populated continents in the world: Asia, Africa and Europe and with backbone connectivity in Pakistan, Djibouti, Egypt, Kenya and France providing critical interconnection to Asia, Europe, and Africa economic corridors.
Based on the shared vision of trust, cooperation, and win-win-win, several parties are committed to building an “Open System” concept to an best way for improved latency, high-capacity, and carrier-neutral bandwidth services for regional customer.
Sun Xiaohua, COO of PEACE, said: “After nearly 2 months of consultation, the cooperation and negotiation between the PEACE and landing partners has also been completed. Thanks to all for their support and I hope that PEACE will bring added economic value to the region in the future.”
Danish A. LakhanI CEO of Cybernet, said: “We are very excited about working on the PEACE project and the numerous benefits that the PEACE Cable will bring to Pakistan . In addition to providing much needed redundancy to Pakistan’s internet infrastructure and reducing latency to Western destinations, this capacity cable will usher in a new era of affordable Gigabit services in Pakistan. Furthermore, as a carrier neutral cable system, it will enable other telecom carriers, ISPs, CDN and content providers to extend its benefits across the spectrum of Pakistani societies.”
Mohammad Assoweh Bouh, General Director of Djibouti Telecom said: “Djibouti Telecom’s objective is to strengthen its regional Hub position, the cross-road of 3 continents, Asia, Africa and also Europe. PEACE and DARE shall collaborate to get the digital and economic transformation of Republic of Djibouti.”