Etisalat signs agreement with FLAG Telecom
The FLAG Telecom (Fiberoptic Link Around the Globe) company recently signed a multi-million dollar right of use agreement with the Emirates Telecommunications Corporation (Etisalat) to provide Scanning Tunneling Microscope (STM-1) service between Fujairah, United Arab Emirates (UAE) and New York, reported a company press release.
FLAG will utilize its Europe-Asia system and its newly inaugurated FLAG Atlantic-1 system to better route and terminate its Internet traffic. Etisalat selected FLAG’s cable network as part of its strategy to foster its position as a regional hub of Internet traffic via its Emirates Internet Exchange (EMIX).
In June 2001 Etisalat signed an agreement with FLAG Telecom for STM-1 capacity between the UAE and San Francisco with IP transit via Japan. This was in addition to the STM-1 Etisalat previously acquired on the FLAG Europe-Asia cable between the UAE and Japan.
FLAG was established in 1990 consisting of four large submarine and terrestrial cable systems, with a number of Point of Presence (PoP) located in major cities around the world. Privately financed at a cost of $1.6 billion, FLAG aims to operate a network of 100,000 route kilometers by 2002.
FLAG Europe-Asia (FEA) has 16 operational landing points in 13 countries, five of which are in the Middle East. Principal shareholders of FLAG are the American Verizon Communications Inc. and Saudi based Dallah Albaraka Group. — (menareport.com)
© 2001 Mena Report (www.menareport.com)