Bharti Airtel’s subsidiary - Network i2i has entered into a definitive agreement with Orascom Telecom Media and Technology Holding S.A.E (Orascom) to acquire Orascom’s entire equity stake in Middle East North Africa Company Submarine Cable Systems S.A.E (MENA-SCS). The acquisition is subject to requisite regulatory approvals.
MENA-SCS is a 100% subsidiary of Orascom. MENA-SCS owns and operates a submarine cable network between India and Europe covering Middle East, with options to extend the network to Africa. It is a state-of-the-art submarine optic network capable of carrying Multi Tera bits per second of data speeds.
The proposed acquisition of MENA-SCS is aimed at further strengthening Airtel’s global network that currently runs across 225,000 Rkms, covering 50 countries and 5 continents. The additional capacity will enable Airtel to serve the growing demand for data services and enterprise services across its footprint of 18 countries across South Asia and Africa.
