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Cinturion and Grid Telecom Announce MOU for Landing Party Services in Greece
HAMILTON, Bermuda — Cinturion Corp Ltd., a global provider of scalable, subsea and terrestrial capacity-based network solutions, announced that it has executed a Memorandum of Understanding (MOU) agreement with Grid Telecom, one of the leading providers of fiber optic connectivity throughout Greece and with onward interconnections to Europe, to be its Landing Party partner in Greece.
The partnership of Cinturion and Grid Telecom will provide our customers with open-access interconnection with leading edge data connectivity and international reach to Southeast Europe.
Cinturion's TEAS – Trans Europe Asia System, is the most advanced submarine and terrestrial network, enabling high-speed, resilient, and secure connections. TEAS system consists of two separate connections across the Mediterranean Sea, continuing with two paths inter-linking the Middle East, with multiple routes across the Arabian Peninsula, and a route through the Gulf of Aqaba and the Red Sea. TEAS, the first new dual path system of its kind, provides geographically diverse routes enabling new services with its unique optical capabilities to support modern Data Center deployments, bringing broadband and low latency access to the European, Middle East and Indian markets.
Grid Telecom, a wholly owned subsidiary of the Independent Power Transmission Operator of Greece (IPTO), provides telecommunications services to national and international providers. With a domestic fiber optic network exceeding 4,000 km, Grid Telecom currently offers diverse fiber connectivity between the island of Crete and the Greek mainland, in addition to its network infrastructure in Italy, the Balkans, and Central Europe, leveraging its position as a major, carrier-neutral hub in Europe. The expansion of Grid Telecom's fiber optic network will exceed 6,000 km throughout Greece in the next five years, connecting islands with the core network.
Bill Marra, Chief Commercial Officer of Cinturion says, "The partnership with Grid Telecom and Cinturion will provide the most advanced, secure and innovative technologies to Southeast Europe through Greece, addressing the rising global demand for high quality international bandwidth."
George Psyrris, Managing Director of Grid Telecom says, "We are proud to cooperate with Cinturion in the implementation of the TEAS system, that will bring a new and diverse international route in the region, enhancing the strategic role of the island of Crete as an open access interconnection node in the Eastern Mediterranean and the Balkans".
About Cinturion Corp Ltd.
www.cinturiongroup.com
With its key management having a long history of involvement in the development and implementation of submarine telecommunications cable systems worldwide, Cinturion is focused on the development of new fiber-optic networks utilizing the latest submarine cable systems coupled with the latest terrestrial technology for greenfield or underserved markets. The strength of Cinturion comes from its diverse and experienced members' profiles that includes senior management, technical, financial, project management, systems engineering and sales, representing all the core elements required for successfully implementing major international systems.
About Grid Telecom
www.grid-telecom.com
Grid Telecom, established in January 2019, is a 100% subsidiary company of ADMIE, Greece's Independent Power Transmission Operator – IPTO (www.admie.gr). Grid Telecom, IPTO's vehicle for providing telecom services to national and international providers, offers super high-speed capacity services from 10 to 100 Gbps via a state-of-the- art DWDM network as well as allocation services within protected areas in IPTO's substation sites across Greece.
Member of ADMIE S.A. – IPTO
Dyrrachiou 89 & Kifissou, 104 43 Athina
info@grid-telecom.com
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