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FINANCIAL NEWS
UAE- du signs agreement with Gulf Bridge
16 Feb 2010
(MENAFN) UAE telecoms company du said in a press statement that it has signed an agreement with submarine cable operator Gulf Bridge International (GBI) to land a new cable at its Fujairah station.
The new cable, which is expected to provide telcos and other communication companies in the region with much-improved connectivity, will launch in 2011 and be designed to operate for up to 25 years.
GBI, the Middle East’s first privately owned submarine cable operator, says the new subsea fiber technology will connect all the Gulf countries and provide onward connectivity to Europe and Asia.
The cable system will connect all the Gulf countries via a core ring, which can re-route traffic thereby increasing resilience, GBI said in a release.
With a design capacity of up to 5 terabits per second on certain cable sections, the GBI Cable System will have the capability to meet the rapid growth in demand that has been forecast for traffic originating and terminating in the Gulf.
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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