Cyprus Mail
Business

Former minster joins Quantum

Former Transport Minister Marios Demetriades

Former transport minister Marios Demetriades has joined the Quantum Cable team as senior advisor to the Strategic Council of the “massive data highway” project that will extend from Asia across the Mediterranean and on to the United States.

Quantum Cable will connect Cyprus with Israel, Cyprus with Crete and Attica in Greece, and extend further to Italy, France and Bilbao, Spain reaching the 160 Tbps MAREA submarine cable stretching 6,600 kms across the Atlantic Ocean from Virginia Beach, Virginia, USA, to Bilbao, Spain.

According to a press release, the cable has the capacity to handle up to 60 per cent of the world’s internet traffic at peak time or enough capacity to handle tens of millions high-definition video conference calls between Asia and Europe at the same time.

“Mr. Demetriades joins the Strategic Council at the most critical juncture of the Quantum Cable. His sound advice and experience will contribute significantly to the smooth development of the project,” CEO Nasos Ktorides said.

The entire cost of the project is estimated at US$200 million which will be undertaken by Quantum. The Quantum Cable system will be in operation by October 2020.

The Quantum Cable, the super-fast subsea cable of up to 160Tbps in the Mediterranean, is supported by the governments of Israel, Greece and Cyprus.

 


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