Athens, 21st August 2024: Grid Telecom, a completely 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 as we speak the signing of a Heads of Settlement concerning their joint participation in Tamares Telecom Cyprus, a totally 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 major milestone in advancing the regional digital infrastructure and fostering sustainable development within the data-driven financial system. The Cable Touchdown Station will act as an interconnectivity node offering service and internet hosting services 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, via 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 visitors. The strategic partnership between Grid Telecom and Tamares Telecom will convey 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 can create a service impartial open-access hub with interconnection knowledge middle services via different 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 likely be touchdown on the Cable Touchdown Station of Tamares Telecom Cyprus, interconnecting Greece as a brand new japanese 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 in depth optical community in Greece and neighboring nations and integrates it with its personal fiber hyperlinks and Factors-of-Presence, to realize community range, 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 personalized 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 accumulate 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 convey safety and add worth to our attain in Europe and the Center East. Our investments in new strategic tasks present a number of layers of infrastructure range, which embody creating cable touchdown infrastructure and new optical fiber cable methods to satisfy market calls for for high-quality knowledge transport options, via a telecommunications bridge between East and West”.
The Chairman and CEO of IPTO, Manos Manousakis, acknowledged:
“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 vital power and knowledge hub of excessive geopolitical worth on the crossroads of Europe, Africa and Asia. IPTO is the Venture Promoter of “Nice Sea Interconnector”, a number one EU Venture 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 can assist new subsea fiber cable methods to eradicate expensive and time-consuming allowing processes and touchdown infrastructure development, performing as a catalyst that accelerates developments within the area. Moreover, it can present the flexibility 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 can convey digital transformation to Cyprus and the broader Jap Mediterranean area”.
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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 Growth Plan” supplies 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, contains 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 presently 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:
E-mail: pressoffice@admie.gr
About Grid Telecom:
Grid Telecom was established in 2019 as a completely 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 huge 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, attaining the shortest doable routes, community range, 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:
E-mail: pressoffice@grid-telecom.com
About Tamares Telecom:
Tamares Telecom is a number one Digital Infrastructure group, primarily based within the Center East area, with belongings spanning from worldwide subsea fiber optic cables to terrestrial fibers, and Tier-III knowledge middle services in Israel and Europe. Tamares Telecom supplies telecom operators, world and home, OTT’s, cloud suppliers and enterprises, with One-Cease-Store resolution for full networking and connectivity wants, coupled with colocation services throughout Israel, Cyprus, Marseille, London, and Frankfurt. Tamares Telecom is a totally licensed operator, serving greater than 5,000 clients throughout the globe. Tamares Telecom gives 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:
E-mail: aviram@pr360.co.il
About Aluma Infrastructure Fund:
Aluma is an Infrastructure Funding Fund, listed on the Tel-Aviv Inventory Change (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 important rules: The Fund’s administration has a “hands-on” method to focus on firms, aiming to extend their operations’ effectivity and enhance their yields. Exhibiting a desire for funding in infrastructure firms over these in tasks or ventures within the infrastructure fields since, within the Fund’s administration’s evaluation, an funding of this kind is anticipated to generate a better yield. Specializing in infrastructure fields with the best potential for development: telecommunications, inexperienced power, the atmosphere, and transportation.
For extra data, contact:
E-mail: aviram@pr360.co.il
