Lebanon acquires 24% of Alexandros marine cable
- Lebanon: Monday, March 11 - 2013 at 06:42
Lebanese telecoms minister Nicolas Sehnaoui has said internet rates in the country are expected to drop, while the connection speed is set to become much faster, after the ministry bought part of the Alexandros marine cable that connects with Cyprus, Egypt and France, The Daily Star has reported. The acquisition of 24% of the Alexandros cable would allow Lebanon to have an additional 700 gigabytes in addition to the current 200 GB that is supplied by the IMEWE cable, said the minister. "This acquisition is very crucial to attract international companies to invest in the telecoms sector in Lebanon and this will enable us to become a regional telecoms hub," said Sehnaoui.
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