Saudi Al-Barakeh invests in FLAG telecom project

Published July 2nd, 2001 - 02:00 GMT

The Flag International Telecommunication Group recently began operating an offshore cable line, linking Paris, London and New York through optic fibers, according to the London-based Al-Sharq Al-Awsat daily.  

 

The Saudi Dallah Al-Barakeh Group controls 16 percent of this project, whose costs are estimated at $1.2 billion.  

 

The 100,000-kilometer long FLAG (Fiber Optic Around Global) project will connect distant regions of the world through rapid and precise transferring of information via fiber technology. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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