Grid Telecom and Tamares Telecom agree to build undersea optic fibre

Greece’s Grid Telecom and Tamares Telecom have agreed to build an undersea optic fibre telecoms cable to connect Cyprus and Israel to Greece, the two companies said on Thursday.

Tamares, a unit of Aluma Infrastructure Fund ALUMA.TA, owns and operates a high-capacity undersea cable link from Israel to Cyprus, which is being extended to mainland Europe, Tamares said in a joint statement with IPTO’s unit Grid Telecom.

Through its partnership with Grid Telecom, Tamares will increase its entry points to Europe via Greece, by building an alternative low-latency eastern gateway to the Balkans and other destinations in central and Western Europe, it said. Nasdaq