The European Investment Bank (EIB) signed on Wednesday a 40 million euros investment grant for the €342 million ‘MEDUSA Submarine Cable Project’ connecting Europe and North Africa. The fibre optic cable will provide high quality connectivity capacity, via submarine cable and direct terrestrial links to universities and education and research centres in North Africa Countries. The MEDUSA project, developed by AFR-IX telecom and manufactured by Alcatel Submarine Networks (ASN), will be the Mediterranean's most extensive submarine cable initiative to date. Stretching over 7,100 km, this high-capacity optical-fibre submarine cable will connect both shores of the Mediterranean Sea. Read more: Construction work starts on Medusa Submarine Cable System in the Mediterranean Sea(Writing by Senthil Palanisamy; Editing by Anoop Menon)(anoop.menon@lseg.com)
