The Chairman and CEO of IPTO, Mr. Manos Manousakis, stated, "IPTO, building upon its ongoing collaboration with Egypt in the Energy sector, enters into a constructive partnership with Telecom Egypt that lays strong foundations for new international connectivity projects in the growing field of telecommunications between the two countries. IPTO's agreement to work with one of the world's leading subsea cables operators further advances our international growth strategy and can actively contribute to Greece's emergence as a key telecommunication hub in the broader Mediterranean region." The Managing Director and CEO of Telecom Egypt, Mr. Adel Hamed, commented, "We are pleased to work with Grid Telecom, as this collaboration reinforces our strategy to further expand our international infrastructure and increase the geo-diversity of our assets.