LAHORE – PEACE Cable International Network has signed a Memorandum of Understanding (MOU) and landing party agreement with Pakistan carrier Cybernet and Djibouti Telecom during the 4th Asia-Pacific Submarine Networks Forum.
“We are excited about working on the PEACE project and the numerous benefits that the PEACE Cable will bring to Pakistan and its , digital economy,” said Cybernet CEO Danish A. Lakhani.
“In addition to providing much needed redundancy to Pakistan’s internet infrastructure and reducing latency to Western destinations, this, the ultra-high capacity cable will usher in a new era of affordable Gigabit services in the country.”
The Cybernet CEO further said that “as a carrier-neutral cable system, the project will enable other telecom carriers, ISPs, CDN and content providers to extend their benefits across the spectrum of Pakistani society.”
“After nearly two months of consultation, the cooperation and negotiation between PEACE and landing partners has been completed,” PEACE Cable chief operating officer Sun Xiaohua said.
“Thanks to all the partners for their support and I hope that PEACE will bring added economic value to the region in the near future,” he added.
Mohamed Assoweh Bouh, General Director of Djibouti Telecom said, “Djibouti Telecom’s objective is to strengthen its regional Hub position, the crossroad of three continents, Asia, Africa and Europe. PEACE and DARE shall collaborate to achieve the digital and economic transformation of Republic of Djibouti.”