TI Sparkle to invest in SEA-ME-WE 5
Telecom Italia Sparkle has today announced that it is among the initial investors for the deployment of the SEA-ME-WE 5 cable connecting Europe and Singapore.
The Italian incumbent signed all relevant contracts in a ceremony which took place on March 7 in Kuala Lumpur, Malaysia, in the presence of representatives from all of the cable consortium’s members.
“As a global player with a relevant share of our business generation in the areas connected by the new cable, with this investment in SEA-ME-WE 5 Sparkle has secured its leadership in the fast growing Asia to Middle East and Europe route,” Elisabetta Ripa, CEO of TI Sparkle, said in a statement.
“Moreover, our participation in SEA-ME-WE 5 will enhance Sparkle’s customer proposition with a diversified and low-latency route to and from Asia, thus strengthening further Sparkle’s role as a major cable landing hub in Europe and the Mediterranean,” she added.
The SEA-ME-WE 5 cable will span an estimated 20,000km across 17 countries, and is due to begin commercial operations in the first half of 2016.