PEACE Cable International Network Co., Ltd. (PEACE Cable,one of the companies Hengtong invest in) signed a Memorandum of Understanding (MOU) and landing party agreement with Pakistan network service provider Cybernet and Djibouti Telecom during the 4th Asia-Pacific Submarine Networks Forum on 29 August, 2018. Remaining landing party agreements will also be signed within the next two weeks, representing a key milestone in the delivery plan which includes the permit application work in each country.
Geographically the PEACE Cable will connect the three most populated continents in the world: Asia, Africa and Europe with backbone connectivity in Pakistan, Djibouti, Egypt, Kenya and France providing critical interconnection to Asia, Europe, and Africa economic corridors.
Based on the shared vision of trust, cooperation, and a win-win outcome, the parties are committed to building an "Open System" concept to an efficient way for improved latency, high-capacity, and carrier neutral bandwidth services for regional customers.
Sun Xiaohua, COO of PEACE Cable, said: "After nearly two months of consultation, the cooperation and negotiation between the PEACE Cable and landing partners has been completed. Thanks to all the partners for their support, and I hope that PEACE Cable will bring added economic value to the region in the near future."
Danish A. Lakhani, CEO of Cybernet, said: "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. In addition to providing much needed redundancy to Pakistan's internet infrastructure and reducing latency to Western destinations, this ultra-high capacity cable will usher in a new era of affordable Gigabit services in the country."
Mohamed Assoweh Bouh, General Director of Djibouti Telecom, said: "Djibouti Telecom's objective is to strengthen its regional hub position, the crossroads of three continents, Asia, Africa and Europe. PEACE and DARE shall collaborate to achieve the digital and economic transformation of the Republic of Djibouti."