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In the letter of intent the EU partners expressed their support for 4iG Group’s regional digital infrastructure development initiatives in the Western Balkans, with particular emphasis on the Eagle subsea data cable project linking Albania and Egypt, as well as on the development of a complementary regional digital network, 4iG said on the Budapest Stock Exchange.
In a separate statement, the company said the 2,000-kilometer underwater system with connection points in Albania, Egypt and Italy, when connected to 4iG’s regional network, will create a low-latency, scalable and secure digital corridor between the Western Balkans and major European and intercontinental data centers.
4iG CEO Péter Fekete said the support of the EC and GEANT is a clear indication that this project is of strategic importance for the European Union. The project is being jointly implemented by 4iG Group and Telecom Egypt.
The system is expected to start operating in 2028.
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